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pawan a partner had given a loan of 1,00,000 to the firm. the firm is dissolved and he accepts stock of 80,000 in settlement.pass the journal entry for the balance 20,000 |
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Answer» Answer: hello bro there will no entry to this question
this is so as you can. see the WORD settlement there which means that the PAYMENT which was left of 20,000 is not required to pay. and about the other entry it will not be done as there is no cash or any way cash is given the partner is directly taking the stock in place of loan |
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