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Y took over part of stock at 4000 (being 20% less than the book value ) balance stock realised 50%

Posted by Himanshi Chauhan 6 years, 9 months ago

CBSE > Class 12 > Accountancy

2 answers

Ankur V 6 years, 9 months ago

Sorry entry will be Y' Capital A/C DR Rs 4000 To Realisation A/C 4000

Ankur V 6 years, 9 months ago

4000× 100/ 80 = 5000 So Y took 5000 worth Rs stock for rs 4000 Entry will be Realisation A/C Dr Rs 4000 To Y ' Capital A/C 4000 you didn't given me the value of the stock So the let the realisation value of stock be X So X- 5000 / 2) will be the realisation value of stock

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