On a Dissolution of a firm, repayment of Partner's loan to the firm will be shown in :

Question

Stock at the time of dissolution was appearing in books at Rs 50,000. Half of the stock was sold at a discount of 20% and the remaining was taken over by one of the partners at a 10% discount. What amount was received in cash at the time of realization of stock?

Answer 1

The correct option is (D) :Credit of Bank A/c.

On a Dissolution of a firm, repayment of Partner's loan to the firm will be shown in :

The Correct Option is D

Solution and Explanation

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