Advertisement

Question 07 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 07 Chapter 7 of +2- Part
Q-7 - CH-7 - Usha +2 Book 2018 - Solution

Advertisement

Question 07 Chapter 7 of +2-Part-1

Advertisement

7. (Unrecorded Liabilities) On 31 March a firm of partner X and A was dissolved was an outstanding bill of salary of Rs. 8,000. Pass journal entry when :
(a) It is settled for Rs. 6,000.
(b) It is assumed by X for Rs. 6,000.

We are providing a solution of Question 7 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 6 to 10 Chapter no. 7 class 12 of Usha publication. To check the direct solution of question no. 7 from the flowing video by using time stamps of the video.

Advertisement-X

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

The solution of Question 07 Chapter 7 of +2 Part-1: –

Journal
Date  Particulars
L.F.DebitCredit
a)Realisation A/cDr. 6,000 
 To Bank A/c   6,000
 (Being liability paid on dissolution of the firm )    
      
b)Realisation A/cDr. 6,000 
 To cash A/c   6,000
 (Being firm’s liability assumed by partner X on dissolution X of the firm )    
     

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

Advertisement

Advertisement

Advertisement

error: Content is protected !!