This topic contains 0 replies, has 0 voices, and was last updated by  EduGorilla 1 year, 4 months ago.

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     EduGorilla 
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    Vinod (one partner) agreed to take a creditor of ₹50,000 for 45,000. How would you record this transaction?

    Options :-

    1. Realization A/c  Dr.  50000
      To Vinod’s Capital A/c  50000

    2. Realization A/c  Dr.  5000
      To Vinod’s Capital A/c  5000

    3. Realization A/c  Dr.  45000
      To Vinod’s Capital A/c  45000

    4. No entry


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