On the dissolution of the firm from debtors worth 50,000 realized Rs 4 – InterviewSolution

1.	On the dissolution of the firm from debtors worth 50,000 realized Rs 45,000. Make necessary journal entry at the time of dissolution of the firm.
Answer» Cash/Bank A/c Dr. 4,500 To Realization A/c 4,500 (Assets realized on dissolution)

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