Question 08 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Posted by By Shubham Sharma 4 Min Read July 13, 2024
Question 08 Chapter 7 of +2- Part
Q-8 - CH-7 - Usha +2 Book 2018 - Solution

Question 08 Chapter 7 of +2-Part-1

8. (Journal Entries) What journal entries would you pass for the following transactions on the dissolution of a firm after the various assets (other than cash) and outside liabilities have been transferred to realisation account ?
(a) Bank loan Rs.12,000 is paid.
(b) Stock worth Rs.6,000 is taken by partner B.
(c) Partner A agrees to pay a creditor Rs. 3,000 due to him.
(d) An asset not appearing in the books of accounts realised Rs.700.
(e) Profit on realisation Rs. 18,000 is to be distributed between A and B in the ratio of 5:4.

We are providing a solution of Question 8 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. 8 from the flowing video by using time stamps of the video.

Day - 146 Solution of Questions 6 to 10 Dissolution of Partnership Firm Chapter 6 Accounts class 12
Watch this video on YouTube.

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

The solution of Question 08 Chapter 7 of +2 Part-1: –

Journal
Date   Particulars
 L.F. Debit Credit
a) Realisation A/c Dr.   12,000  
  To cash A/c       12,000
  (Being repayment of bank loan)        
           
b) B’s capital A/c Dr.   6,000  
  To realisation A/c       6,000
  (Being stock taken over by B )        
           
c) Realisation A/c Dr.   3,000  
  To A’s capital A/c       3,000
  (Being firm’s liabilities assumed by A)        
           
d) Cash A/c Dr.   700  
  To realisation A/c       700
  (Being amount realized from the sale of unrecorded asset)        
           
e) Realisation A/c Dr.   18,000  
  To A’s capital A/c       10,000
  To B’s capital A/c       8,000
  (Being profit on realisation credited to partners in the ratio 5:4)        
         

Comment if you have any questions.

End of Solution

Check Out the Solution of all questions of this chapter:

The solution to all questions of Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm) Class 12 Usha Publication – 2024 is shown as follows, click on the image of the question to get the solution.

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

Question 02 Chapter 7 of +2 Part-1 – USHA Publication

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Question 03 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 04 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 05 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

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

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

Question 08 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 09 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 10 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 11 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

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

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Question 13 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 14 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 15 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 16 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 17 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 18 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 19 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 20 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 21 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 22 Chapter 7 of +2 Part-1 – USHA Publication

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Question 23 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 24 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 25 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 26 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 27 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 28 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 29 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 30 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 31 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 32 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 33 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 34 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 35 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 36 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 37 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 38 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 39 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 40 Chapter 7 of +2 Part – 1 – USHA Publication

Question 41 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 42 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 43 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 44 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 45 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Chapter-Wise Solution of Usha Publication Accountancy – Part 1 Class 12 – Session 2024-25 as per the PSEB curriculum

Check out Solutions to all questions of the every chapter shown as under. The Solution of Accountancy – Part 1 Class 12 – Session 2024-25 is provided as per the new book published by Usha Publication.

Chapter No. 1 – Accounting Not-for-Profit Organisations (Deleted from the Syllabus)

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Chapter No. 2 – Partnership Accounts – I (Introduction)

Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)

Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)

Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)

Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)

Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)

Also, Check out our Comprehensive Chapter-wise solution of Advanced Accountancy Part 1 Class 12 by Unimax Publication

Check out Part 2 of both books.

In Class 12th the accountancy has 2 books i.e. Part 1 and Part 2. The Books related to the Part 1 are shown above. but If you want to know more about Part 2, you can check it out from the following links. We have provided the links to both books i.e. Accountancy Part 2 by Usha Publication and Advanced Accountancy Part 2 by Unimax Publication.

1. Accountancy – Part 2 Class 12 – Session 2024-25 By Usha Publication

Accountancy – Part 2 Class 12 – Session 2024-25 – Solution for free

2. Advanced Accountancy Part 2 Class 12 by Unimax Publication

Advanced Accountancy II Part 2 Class 12 – Solution for free

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