[CBSE] Q. 3 solution of Dissolution of Partnership Firm Chapter TS Grewal Book Class 12 2023-24

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Solution to Question number 3 of the Dissolution of Partnership Firm Chapter of TS Grewal Book 2023-24 Edition for the CBSE Board.

Pass Journal entries in the following cases?

(a) Expenses of realisation ₹ 600 to be borne by the firm and are paid by Mohan, a partner.

(b) Mohan, one of the partners of the firm, was asked to carry out dissolution of the firm for which he was allowed a salary of ₹ 2,000.

(c) Motor car of book value ₹ 50,000 taken by a creditor of the book value of ₹ 40,000 in settlement.

Solution:-

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Anurag Pathak

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