[ISC] Q. 2 Dissolution of Partnership Firm Solution TS Grewal Class 12 (2024-25)
Solution to Question number 2 of the Dissolution of Partnership Firm Chapter of TS Grewal Book 2024-25 Edition for the ISC Board.
Pass Journal entries for the following at the time of dissolution:
(i) When payment is made for an unrecorded liability.
(ii) When a partner undertakes to pay an unrecorded liability.
(iii) When an unrecorded asset is taken by a partner.
(iv) When an unrecorded asset is taken by a creditor.
(v) When an unrecorded asset is taken by a partner and also unrecorded liability is assumed.
![](https://commerceschool.in/wp-content/uploads/2024/06/q2-8-1024x245.webp)
Solution:-
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