Author: Amanpreet Kaur

Question 14 Chapter 7 of Class 12 Part – 1 2024 14. (Realisation A/c/Partner’s Capital Ne/Cash A/e) A, B and C are partners sharing Profits and Losses equally. They dissolve the firm on 31st March, 2018 on which date their Read More …

Question 13 Chapter 7 of Class 12 Part – 1 2024 13. (Realisation Account) Maninder, Jatinder and Rupinder are partners in the firm sharing profits in the ratio of 4:3:3 respectively On 1-4-2017 they decided to dissolve the firm. On Read More …

Question 12 Chapter 7 of Class 12 Part – 1 2024 12 (Journal Entries) What journal entries will be passed for the following transactions on the dissolution of the firm.1. An unrecorded asset realized Rs. 1,300.2. Total creditors of the Read More …

Question 11 Chapter 7 of Class 12 Part – 1 2024 11. (Realisation Entries) A and B were partners in a firm sharing profit in the ratio of 4:3 The firm was dissolved on 25-02-2018 Pass the Journal Entries for Read More …

Question 10 Chapter 7 of Class 12 Part – 1 2024 10. (Realisation Entries) Pass journal entries :(a) On dissolution a machine of Rs. 8,000 was found unrecorded it in realised at Rs. 7,000. Expenses Rs. 200 incurred on its Read More …

Question 9 Chapter 7 of Class 12 Part – 1 2024 9. (Realisation Entries) Pass Journal Entries for the following transactions at the time of dissolution of the firm.(a) The assets of the firm realised Rs. 1,00,000(b) Creditors paid Rs. Read More …

Question 8 Chapter 7 of Class 12 Part – 1 2024 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 Read More …

Question 7 Chapter 7 of Class 12 Part – 1 2024 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) Read More …

Question 6 Chapter 7 of Class 12 Part – 1 2024 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 Read More …

Question 5 Chapter 7 of Class 12 Part – 1 2024 5. (Journal Entries) Pass the required journal entry for each of the following cases : Ads loading… Expenses of realisation of a firm amounted to Rs. 1,200. Realisation expenses Read More …