Question number 7 please anyone !!
Dear student
When a creditor accepts an asset whose value is more than the amount due to him, he/she will have to pay the excess amount which will be credited to realisation account.
Bank account. Dr
To Realisation account
Thus answer will be- pay/ realisation
I hope it helps you
Regards
When a creditor accepts an asset whose value is more than the amount due to him, he/she will have to pay the excess amount which will be credited to realisation account.
Bank account. Dr
To Realisation account
Thus answer will be- pay/ realisation
I hope it helps you
Regards