[CBSE] Q 59 DK Goel Dissolution of a Partnership Firm Solutions Class 12 (2024-25)
Solution of Question number 59 of Dissolution of a Partnership Firm chapter 5 of DK Goel Class 12 CBSE (2024-25)
Q. 59. Pass necessary journal entries in the following cases on the dissolution of a partnership firm of partners X, Y, A and B :
(i) Realization expenses of ₹ 5,000 were to borne by X, a partner. However, it was paid by Y.
(ii) Investments costing ₹ 25,000 (comprising 1,000 shares), had been written off from the books completely. These shares are valued at ₹ 20 each and were divided amongst the partners.
(iii) Y’s loan of ₹ 50,000 settled at ₹ 48,000.
(iv) Machinery (book value ₹ 6,00,000) was given to a creditor at a discount of 20%.
Solution:-
Here are the solutions of Dissolution of a Partnership Firm chapter 5 of DK Goel Class 12 CBSE (2024-25)
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