Question 06 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 06 Chapter 7 of +2- Part

Question 06 Chapter 7 of +2-Part-1

Free Accounting book Solution - Class 11 and Class 12

6. (Unrecorded Liabilities) Pass journal entries in following cases:
(a) Unrecorded liability for wages Rs.1,800 was paid by partner A.
(b) Unrecorded liability of Rs. 2,500 settled at Rs. 2,100.
(c) Unrecorded liability of Rs.1,500 for salaries taken over by a debtor

The solution of Question 06 Chapter 7 of +2 Part-1: –

Journal
Date   Particulars
L.F. Debit Credit
a) Realisation A/c Dr.   1,800  
  To A’s capital A/c       1,800
  (Being unrecorded liability paid by partner)        
           
b) Realisation A/c Dr.   2,100  
  To cash A/c       2,100
  (Being unrecorded liability paid off)        
           
c) No Entry        
         

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 - Question 06 Chapter 7 of +2 Part-1 - USHA Publication 12 Class Part - 1
Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firm

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