CBSE Class 12-commerce Answered
In retirement que no 73 what do we do for adjustment (e) investment sold at par what the mean of full paid to his executors
Asked by Smitakhadayate20 | 18 Aug, 2018, 05:45: AM
Expert Answer
The adjustment specifies that the investments worth Rs 1,32,000 were actually sold at par i.e. 1,32,000 so as we are able to settle executor's balance. With the realisation of investments (firm's asset), we are concerned to make full payment to executors of deceased partner B. Accorindly, full amount has been paid off to B's executor else it would have not been possible with only 2,14,000 and 42,500 as available cash or bank balances in hand to settle payment of 3,47,000.
Answered by | 20 Aug, 2018, 10:14: AM
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