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Book value of assets ( other than cash and bank) transferred to Realisation Account is ₹ 1,00,000. 50% of the assets are taken over by a partner Atul, at a discount of 20%; 40% of the remaining assets are sold at a profit of 30% on cost 5% of the balance being obsolete realised nothing and remaining assets are handed over to a Creditor in full settlement of his claim. You are required to record the journal entries for realisation of assets.

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come of POLITICS of social divisionsdepends on how the political LEADERS RAISE thedemands of any community". Explain THESTATEMENT



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