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rtp nov20- advanced accounting

Accountancy

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

CA Final

★ 8K+

14-Oct-20 15:24

333

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.

CA Suraj Lakhotia

Admin

14-Oct-20 17:48

this one

Thread Starter

Swathi Krishna

CA Final

★ 8K+

14-Oct-20 15:25

sorry its may 20

Thread Starter

Swathi Krishna

CA Final

★ 8K+

14-Oct-20 15:27

CA Suraj Lakhotia Admin

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.

thank you sir

Thread Starter

Swathi Krishna

CA Final

★ 8K+

14-Oct-20 22:36