While solving a dissolution problem I came across a particular adjustment which goes like:
Fixed Assets realised at a loss of 100% on Net collection.The value of Fixed assets is 40000 as per the B/S.
The entry given is
bank a/c(fixed assets)..................................Dr. 15000
to Realisation a/c.................................................................15000
Plz help how to go about solving this.How did this figure of 15000 come?
CAclubindia
