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1 mark

Based on the passage given for Meena and Tina, answer the question:Identify the exact final total amount realized in cash from Sundry Debtors.

  1. A
    LiabilitiesAmount (Rs.)AssetsAmount (Rs.)Capital Accounts:Machinery Meena: Investments Tina: Stock Sundry Creditors Sundry Debtors Bills Payable Cash at bank Total Total
  2. B
  3. C
  4. D

Solution & Step-by-step Explanation

Let's read the debtors disposal condition carefully:Total Debtors Book Value Debtors of book value were taken over by Meena at less (). This is an adjustment to Meena's capital, not a cash receipt.The remaining debtors realized . This is the only portion that brings actual physical liquid cash into the bank account.Hence, the cash realized from debtors is exactly .

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Based on the passage given for Meena and Tina, answer the question:Identify the exact final total amount realized in cash from Sundry Debtors.
A
LiabilitiesAmount (Rs.)AssetsAmount (Rs.)Capital Accounts:Machinery Meena: Investments Tina: Stock Sundry Creditors Sundry Debtors Bills Payable Cash at bank Total Total
B
C
D

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