[CBSE] Q 60 DK Goel Dissolution of a Partnership Firm Solutions Class 12 (2024-25)
Solution of Question number 60 of Dissolution of a Partnership Firm chapter 5 of DK Goel Class 12 CBSE (2024-25)
Q. 60. Carol and Lacy were partners. They decided to dissolve their firm. Pass the journal entries for the following after various assets and external liabilities have been transferred to Realisation A/c.
(1) Carol took over half of the investments worth ₹ 30,000 at 2% discount and the remaining investments were sold at a profit of 18% of the book value.
(2) Lacy is allowed a remuneration of ₹ 13,000 for dissolution work and is to bear all the expenses of realisation which amounted to ₹ 5,000 were paid by the firm.
(3) Carol had given a loan of ₹ 89,000 to the firm which was duly paid.
(4) Lacy agreed to pay off her brothers loan of ₹ 13,000 at a discount of 5%.
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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