[CBSE] Q. 2 Dissolution of Partnership Firm Solution TS Grewal Class 12 2024-25

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Solution to Question number 2 of the Dissolution of Partnership Firm Chapter of TS Grewal Book 2024-25 Edition for the CBSE Board.

(a) Pass the Journal entry when an unrecorded liability of ₹ 15,000 is settled at ₹ 10,000 and paid by X, a partner on the dissolution of a firm?

(b) What Journal entry will be passed when a machine having a book value of ₹ 15,000 is given to Rakesh, a creditor of ₹ 22,000 at an agreed value of ₹ 12,000 towards part payment of his dues?

Solution:-

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Anurag Pathak
Anurag Pathak

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