Q. 2 solution of Dissolution of Partnership Firm Chapter TS Grewal Book Class 12 2021-22

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Are you looking for the solution of Question number 2 of the Dissolution of Partnership Firm Chapter of TS Grewal Book 2021-22 Edition for the 2021-22 session?

Question number 2 of the Dissolution of Partnership Firm chapter is a practical one.

Solution of Question Number 2 of Dissolution of Partnership Firm Chapter of TS Grewal Book 2021-22 Class 12

Question – 2

2. a) What Journal entry will be passed 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 valuation of ₹12,000 towards partial payment of his dues?

Solution:-

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