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Gain On Settlement

Class 12 Accountancy के इस tag से जुड़े questions। हर question के साथ chapter, topic, level और difficulty दी गई है।

AccountancyA partnership firm owes ₹18,000 to its creditors. The creditors are settled in full by paying ₹17,000 in cash and transferring materials valued at ₹500. What gain does the firm earn on this settlement?Class 12Dissolution of a Partnership FirmClosing the BusinessExpertAccountancyAt the time of dissolution, a creditor whose liability was ₹15,000 was settled in full by paying ₹14,500. What gain did the firm earn from this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium

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