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rtp nov20- advanced accounting

in question no.1 of the rtp , why do we need to take into the consideration of adil's loan with insurer. It is not an agreement with firm. so taking that into consideration, we should only take 10200 rite. please reply .


Swathi Krishna

Swathi Krishna

CA Inter

7K+

14-Oct-20 15:24

54

Answers (4)

Best Answer

But the insurance company paid less amount because of loan. One alternative approach could be to show reciept of 10200 and balance amount receivable from Adil.


Suraj Lakhotia

Suraj Lakhotia

Admin

14-Oct-20 17:48

this one

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Thread Starter

Swathi Krishna

Swathi Krishna

CA Inter

7K+

14-Oct-20 15:25

sorry its may 20


Thread Starter

Swathi Krishna

Swathi Krishna

CA Inter

7K+

14-Oct-20 15:27

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