Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. land and buildings were sold for 40,000 and stock

Land and Buildings were sold for 40,000 and Stock anu 2,...

70.2K

Verified Solution

Question

Accounting

image
Land and Buildings were sold for 40,000 and Stock anu 2, realisation came to 1,200.2 is $2,000 respectively. Goodwill was sold for 600. The expenses on realisation estate. insolvent and a dividend of 50 paise in the rupee is received form the ruling in Gamer vs. Murray. Pass Journal entries to close the books of the firm applying the raling in Gamer vsinmus Land and Buildings were sold for 40,000 and Stock anu 2, realisation came to 1,200.2 is $2,000 respectively. Goodwill was sold for 600. The expenses on realisation estate. insolvent and a dividend of 50 paise in the rupee is received form the ruling in Gamer vs. Murray. Pass Journal entries to close the books of the firm applying the raling in Gamer vsinmus

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

Consider the following two mutually exclusive projects: Year Cash Flow (A) Cash Flow (B) 0 –$300,239        –$15,047          1 25,500        4,045          2 54,000...

Physics
1.2K views

When high voltage is run through hydrogen, light is emitted that is concentrated in three areas...

Biology
1.2K views

Lab 09 Amino Acids and Proteins 4 The nitroprusside test a Which amino acids are...

Biology
1.2K views

Question 10 Points 3 How many meters are there in 2 megameters O 2 106...

Physics
1.2K views

In YDSE one of the slit is wider than other so that amplitude of the...

Physics
1.2K views

VM A plane mirror is falling vertically as shown in the figure If S is...

Basic Math
1.2K views

20 The client tells you she drank the following 1 2 glass of ginger ale...

Statistics
1.2K views

Evaluate 298 1 1 3 30 3 5

Statistics
1.2K views

If X has a binomial distribution with 20 trials and a mean of six then...

Algebra
1.2K views

Let A be a real n x n orthogonal matrix That is AAT ATA In...

Accounting
1.2K views

Please help. Thank you! ABC Corporation is organized and operating under...

Accounting
1.2K views

ASAP. PLS Milltown Company specializes in selling used cars. During the month,...