[CBSE] Q 54 DK Goel Dissolution of a Partnership Firm Solutions Class 12 (2024-25)

Solution of Question number 54 of Dissolution of a Partnership Firm chapter 5 of DK Goel Class 12 CBSE (2024-25)

Q. 54. Pass necessary Journal entries for the following transactions, at the time of dissolution of the firm:

(1) Realisation Expenses ₹ 3,000 paid.

(2) Realisation Expenses paid by the firm ₹ 2,000; Mr. X on of the partners has to bear these expenses.

(3) Y, one of the partners, took over a machine for ₹ 20,000.

(4) Z, one of the partners agreed to take over the creditor of ₹ 30,000 for ₹ 20,000.

(5) A, one of the partners has given loan to the firm of ₹ 10,000. It was paid back to his at the time of dissolution.

(6) Profit & Loss Account balance of ₹ 50,000 appeared on the assets side of the Balance Sheet.

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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