[ISC] Q. 5 Dissolution of Partnership Firm Solution TS Grewal Book Class 12 (2023-24)

Solution to Question number 5 of the Dissolution of Partnership Firm Chapter of TS Grewal Book 2023-24 Edition for the ISC Board?

Pass the Journal entries for the following transactions at the time of dissolution:

(i) Realisation expenses of ₹ 5,000 paid by the firm which were to be borne by Aman, a partner.

(ii) Realisation expenses of ₹ 6,000 were paid by Ramesh, a partner.

(iii) Realisation expenses were ₹ 14,000; ₹ 8,000 were to be borne by the firm and the balance by Sanjay, a partner. The expenses were paid by Sanjay.

(iv) Realisation expenses paid by firm were ₹ 30,000. Out of the said expenses, ₹ 22,000 were to be borne by the firm and balance by Sonu, a partner.

(v) Realisation expenses of ₹ 6,000 paid by Rajesh, a partner, who was to bear these expenses.

(vi) Realisation expenses of ₹ 8,000 were paid by Subrato for which he was allowed ₹ 5,000.

Solution:-

Here is the list of solutions

S.N	Solutions
1	Question – 1
2	Question – 2
3	Question – 3
4	Question – 4
5	Question – 5
6	Question – 6
7	Question – 7
8	Question – 8
9	Question – 9
10	Question – 10

S.N	Solutions
11	Question – 11
12	Question – 12
13	Question – 13
14	Question – 14
15	Question – 15
16	Question – 16
17	Question – 17
18	Question – 18
19	Question – 19
20	Question – 20

S.N	Solutions
21	Question – 21
22	Question – 22
23	Question – 23
24	Question – 24
25	Question – 25
26	Question – 26
27	Question – 27
28	Question – 28
29	Question – 29
30	Question – 30
31	Question – 31