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1- At the time of dissolution of a firm, Debtors were OMR 17,000 out of which OMR 500 became bad (could not be realized) and
1- At the time of dissolution of a firm, Debtors were OMR 17,000 out of which OMR 500 became bad (could not be realized) and the balance realised 60%. Which account will be debited and by how much amount? Profit and Loss Account by OMR 500.Debtors Account by OMR 7,100.Realisation Account by OMR 16,500.Cash Account by OMR 9,900.
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