Humanities/Arts Exam  >  Humanities/Arts Questions  >  On 1st April 2022, A, B and C decided to diss... Start Learning for Free
On 1st April 2022, A, B and C decided to dissolve their firm On the date of dissolution, Sundry debtors appeared in Balance Sheet at Rs. 6,00,000 and Provision for doubtful debt at Rs. 30,000 Debtors to extent of Rs. 60,000 were bad. In journal entry for realisation of debtors.
  • a)
    Bank A/c will be debited with Rs. 6,00,000
  • b)
    Realisation A/c will be credited with Rs. 5,40,000
  • c)
    Bank A/c will be credited with Rs. 5,40,000
  • d)
    Realisation A/c will be credited with Rs. 6,00,000
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
On 1st April 2022, A, B and C decided to dissolve their firm On the da...
Debtors – Bad debts = Paid by bank
600000 – 60000 = Rs. 5,40,000
Explore Courses for Humanities/Arts exam

Top Courses for Humanities/Arts

On 1st April 2022, A, B and C decided to dissolve their firm On the date of dissolution, Sundry debtors appeared in Balance Sheet at Rs. 6,00,000 and Provision for doubtful debt at Rs. 30,000 Debtors to extent of Rs. 60,000 were bad. In journal entry for realisation of debtors.a)Bank A/c will be debited with Rs. 6,00,000b)Realisation A/c will be credited with Rs. 5,40,000c)Bank A/c will be credited with Rs. 5,40,000d)Realisation A/c will be credited with Rs. 6,00,000Correct answer is option 'C'. Can you explain this answer?
Question Description
On 1st April 2022, A, B and C decided to dissolve their firm On the date of dissolution, Sundry debtors appeared in Balance Sheet at Rs. 6,00,000 and Provision for doubtful debt at Rs. 30,000 Debtors to extent of Rs. 60,000 were bad. In journal entry for realisation of debtors.a)Bank A/c will be debited with Rs. 6,00,000b)Realisation A/c will be credited with Rs. 5,40,000c)Bank A/c will be credited with Rs. 5,40,000d)Realisation A/c will be credited with Rs. 6,00,000Correct answer is option 'C'. Can you explain this answer? for Humanities/Arts 2024 is part of Humanities/Arts preparation. The Question and answers have been prepared according to the Humanities/Arts exam syllabus. Information about On 1st April 2022, A, B and C decided to dissolve their firm On the date of dissolution, Sundry debtors appeared in Balance Sheet at Rs. 6,00,000 and Provision for doubtful debt at Rs. 30,000 Debtors to extent of Rs. 60,000 were bad. In journal entry for realisation of debtors.a)Bank A/c will be debited with Rs. 6,00,000b)Realisation A/c will be credited with Rs. 5,40,000c)Bank A/c will be credited with Rs. 5,40,000d)Realisation A/c will be credited with Rs. 6,00,000Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Humanities/Arts 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for On 1st April 2022, A, B and C decided to dissolve their firm On the date of dissolution, Sundry debtors appeared in Balance Sheet at Rs. 6,00,000 and Provision for doubtful debt at Rs. 30,000 Debtors to extent of Rs. 60,000 were bad. In journal entry for realisation of debtors.a)Bank A/c will be debited with Rs. 6,00,000b)Realisation A/c will be credited with Rs. 5,40,000c)Bank A/c will be credited with Rs. 5,40,000d)Realisation A/c will be credited with Rs. 6,00,000Correct answer is option 'C'. Can you explain this answer?.
Solutions for On 1st April 2022, A, B and C decided to dissolve their firm On the date of dissolution, Sundry debtors appeared in Balance Sheet at Rs. 6,00,000 and Provision for doubtful debt at Rs. 30,000 Debtors to extent of Rs. 60,000 were bad. In journal entry for realisation of debtors.a)Bank A/c will be debited with Rs. 6,00,000b)Realisation A/c will be credited with Rs. 5,40,000c)Bank A/c will be credited with Rs. 5,40,000d)Realisation A/c will be credited with Rs. 6,00,000Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Humanities/Arts. Download more important topics, notes, lectures and mock test series for Humanities/Arts Exam by signing up for free.
Here you can find the meaning of On 1st April 2022, A, B and C decided to dissolve their firm On the date of dissolution, Sundry debtors appeared in Balance Sheet at Rs. 6,00,000 and Provision for doubtful debt at Rs. 30,000 Debtors to extent of Rs. 60,000 were bad. In journal entry for realisation of debtors.a)Bank A/c will be debited with Rs. 6,00,000b)Realisation A/c will be credited with Rs. 5,40,000c)Bank A/c will be credited with Rs. 5,40,000d)Realisation A/c will be credited with Rs. 6,00,000Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of On 1st April 2022, A, B and C decided to dissolve their firm On the date of dissolution, Sundry debtors appeared in Balance Sheet at Rs. 6,00,000 and Provision for doubtful debt at Rs. 30,000 Debtors to extent of Rs. 60,000 were bad. In journal entry for realisation of debtors.a)Bank A/c will be debited with Rs. 6,00,000b)Realisation A/c will be credited with Rs. 5,40,000c)Bank A/c will be credited with Rs. 5,40,000d)Realisation A/c will be credited with Rs. 6,00,000Correct answer is option 'C'. Can you explain this answer?, a detailed solution for On 1st April 2022, A, B and C decided to dissolve their firm On the date of dissolution, Sundry debtors appeared in Balance Sheet at Rs. 6,00,000 and Provision for doubtful debt at Rs. 30,000 Debtors to extent of Rs. 60,000 were bad. In journal entry for realisation of debtors.a)Bank A/c will be debited with Rs. 6,00,000b)Realisation A/c will be credited with Rs. 5,40,000c)Bank A/c will be credited with Rs. 5,40,000d)Realisation A/c will be credited with Rs. 6,00,000Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of On 1st April 2022, A, B and C decided to dissolve their firm On the date of dissolution, Sundry debtors appeared in Balance Sheet at Rs. 6,00,000 and Provision for doubtful debt at Rs. 30,000 Debtors to extent of Rs. 60,000 were bad. In journal entry for realisation of debtors.a)Bank A/c will be debited with Rs. 6,00,000b)Realisation A/c will be credited with Rs. 5,40,000c)Bank A/c will be credited with Rs. 5,40,000d)Realisation A/c will be credited with Rs. 6,00,000Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice On 1st April 2022, A, B and C decided to dissolve their firm On the date of dissolution, Sundry debtors appeared in Balance Sheet at Rs. 6,00,000 and Provision for doubtful debt at Rs. 30,000 Debtors to extent of Rs. 60,000 were bad. In journal entry for realisation of debtors.a)Bank A/c will be debited with Rs. 6,00,000b)Realisation A/c will be credited with Rs. 5,40,000c)Bank A/c will be credited with Rs. 5,40,000d)Realisation A/c will be credited with Rs. 6,00,000Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice Humanities/Arts tests.
Explore Courses for Humanities/Arts exam

Top Courses for Humanities/Arts

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev