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  3. land and buildings were sold for 40,000 and stock

Land and Buildings were sold for 40,000 and Stock anu 2, realisation came to 1,200.2...

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Accounting

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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

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