Question : Shiv, a creditor to whom Rs 6000 is due, accepted office equipment at Rs 4000 and the balance was paid to him. Realization account will be debited by -----
Option 1: Rs 6,000
Option 2: Rs 4,000
Option 3: Rs 2,000
Option 4: None of the above
Answer (1)
10th Jan, 2024
Correct Answer: Rs 2,000
Solution :
Answer =
Rs 2,000
Realisation a/c......Dr 2,000
To Bank a/c 2,000
| Creditor | 6,000 |
| (-) Equipment | (4,000) |
| Cash paid | 2,000 |
Hence, the correct option is 3.
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