A liability under a suit for damages included in creditors was settled at Rs.32,000 as against only Rs. 13,000 provided in the books. Total creditors of the
firm were Rs. 50,000

Pass necessary journal entry

Question

A liability under a suit for damages included in creditors was
settled at Rs 32,000 as against only Rs 13,000 provided in the
books Total creditors of the
firm were Rs 50,000

Pass necessary journal entry

Mohit · Accepted Answer

Solution;
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A liability under a suit for damages included in creditors was settled at Rs.32,000 as against only Rs. 13,000 provided in the books. Total creditors of the firm were Rs. 50,000 Pass necessary journal entry

A liability under a suit for damages included in creditors was settled at Rs.32,000 as against only Rs. 13,000 provided in the books. Total creditors of the
firm were Rs. 50,000

Pass necessary journal entry