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Question 01 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 01 Chapter 7 of +2- Part
Q-1 - CH-7 - Usha +2 Book 2018 - Solution

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Question 01 Chapter 7 of +2-Part-1

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01.(goodwill does not appear in books ) A & B are partners . They decided top dissolve the business . There is no goodwill appearing in the books.
Pass Journal entries in the books of firm.
(a) If goodwill was sold for Rs. 50,000 cash.
(b) If goodwill was taken over by partner A at Rs. 30,000

We are providing a solution of Question 1 Chapter 7 of +2 Part-1 in two formats. one is in Video format and another is in article format. Check out both formats as follows:

1. Check out the Solution of this question in Video Format:-

The video consists solution of question numbers from 1 to 5 Chapter no. 7 class 12 of Usha publication. To check the direct solution of question no. 1 from the flowing video by using time stamps of the video.

Day - 145 Solution of Questions 1 to 5 Dissolution of Partnership Firm Chapter 6 Accounts class 12

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2. Check out the Solution of this question in Article Format:-

The solution of Question 01 Chapter 7 of +2 Part-1: –

Journal
Date  Particulars
L.F.DebitCredit
a)Bank A/cDr. 50,000 
 To realisation A/c   50,000
 (Being goodwill sold )    
      
b)A’s capital A/cDr. 30,000 
 To realisation A/c   30,000
 (Being goodwill taken over by A )    
     

Comment if you have any questions.


Also, Check out the solved question of previous Chapters: –

Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution

Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

+2 Book 1-min
Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firm

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