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प्रश्न
On dissolution of a firm, debtors ₹ 17,000 were shown in the Balance Sheet. Out of this ₹ 2,000 became bad. One debtor became insolvent. 70% were recovered from him out of ₹ 5,000. Full amount was recovered from the balance debtors. On account of this item, loss in realisation account will be:
विकल्प
₹ 5,100
₹ 1,500
₹ 3,500
₹ 2,000
MCQ
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उत्तर
₹ 3,500
Explanation:
Bad debts = ₹ 2,000
One debtor became insolvent. 70% were recovered from him out of ₹ 5,000.
Amount to be recovered = 5,000 but recovered only 70% means 30% is bad debts.
Other Bad debts = `5,000 xx 30/100`
= ₹ 1,500
Total Loss on realisation = 2,000 + 1,500
= ₹ 3,500
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