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 …
Category: Chapter No. 7 – Partnership Accounts – VI Dissolution of Partnership Firm
Question 8 Chapter 7 of Class 12 Part – 1 2024
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
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
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
Question 5 Chapter 7 of Class 12 Part – 1 2024 5. (Journal Entries) Pass the required journal entry for each of the following cases : Advertisement Video Tag: Expenses of realisation of a firm amounted to Rs. 1,200. Realisation Read More …
Question 4 Chapter 7 of Class 12 Part – 1 2024
Question 4 Chapter 7 of Class 12 Part – 1 2024 4. (Journal Entries) A firm of partner C and D sharing profits in 3:2 ratio was dissolve. The following balance appeared in the books: Advertisement Video Tag: General Reserve Read More …
Question 3 Chapter 7 of Class 12 Part – 1 2024
Question 3 Chapter 7 of Class 12 Part – 1 2024 3. (Realisation Entries) Pass the necessary Journal Entries for the following transactions c the dissolution of the firm of James and Haider who were sharing profit and losses in Read More …
Question 2 Chapter 7 of Class 12 Part – 1 2024
Question 2 Chapter 7 of Class 12 Part – 1 2024 2. (Realisation Entries) Journalise the following in the books of the firm. Advertisement Video Tag: Realisation expenses met by firm Rs. 800. Realisation expenses of Rs. 600 were paid Read More …
Question 1 Chapter 7 of Class 12 Part – 1 2024
Question 1 Chapter 7 of Class 12 Part – 1 2024 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 Read More …