Creditor to whom 67000 were due to be pay accepted furniture at 35000 and the balance was pay to them - Accountancy - Dissolution of Partnership Firm

Question

Creditor to whom 67000 were due to be pay accepted furniture at
35000 and the balance was pay to them in cash

Radha Maheshwari · Answer

Realisation a/c Dr 32,000
To cash a/c 32,000

Creditor to whom 67000 were due to be pay accepted furniture at 35000 and the balance was pay to them in cash