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any amount and therefore noch only a part of his claim he would be paid cash for the remaining portion of the way of the following entry Realisation de Dr with the balance To Cash Ad of payment 1) When a creditor takes over an asset whose value is more than the most de him, then he has to pay cash for the extra amount: Banish Dt with the extra To Realisation A of asset maken over ILLUSTRATION 7 Settlement of Creditor through Asset: X and Y are parts OUD profits and losses equally They decided to dissolve their fim Ge joumal entries for settlement of creditors through assets in the alternative cases A a credito (already transferred to Realisation Account for R25.000 accepted (already transferred to Realisation Account at R: 36.000, in full settlement of his B. a creditor (already transferred to Realisation Account for Rs 25.000 accepted ture already transferred to Realisation Account at Rs 20.000 in settlement of his a creditor already transferred to Realisation Account for Rs.30.000 agreed to be Machinery already transferred to Realisation Account) at Rs 48.000 (book al De creditor of Ra 20.000 (unrecorded in the books) agreed to accept computer te corded in the books at R15.000 plus R 2.000 in full settlement of his claim SO_000) in settlement of his claim