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 .
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