Pass journal entry: Motor car of …

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Pass journal entry:
Motor car of book value 50000 taken over by creditors of book value 40000 in full settlement
Posted by Paĺlavi Kapil 6 years, 4 months ago
- 5 answers
Khushi Oberoi 6 years, 4 months ago
Motor car dr 40000
Discount allowed10000
To creditor 50000
Alisha Wadhwa 6 years, 4 months ago
No entry.
Realisation
To realisation
Nullify the effect of each other
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Sakshi Sharma 6 years, 4 months ago
0Thank You