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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
  • 5 answers

Sakshi Sharma 6 years, 4 months ago

There will not be any entry

Harman Sandhu 6 years, 4 months ago

No entry

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

Ankit Arya 6 years, 4 months ago

No entry
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