Q. 5 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 5 of the Dissolution of Partnership Firm Chapter of TS Grewal Book 2021-22 Edition for the 2021-22 session?

Question number 5 of the Dissolution of Partnership Firm chapter is a practical one.

Solution of Question Number 5 of Dissolution of Partnership Firm Chapter of TS Grewal Book 2021-22 Class 12

Question – 5

Pass Journal Entries for the following:

a) Realisation expenses were ₹10,000 and paid by the firm on behalf of Alok, a partner, with whom it was agreed at ₹7,500.

b) Realisation expenses were ₹5,000. It was agreed that the firm will bear ₹2,000 and balance by Ravinder, a partner.

c) Dissolution expenses of ₹10,000 were paid by Amil, a partner on behalf of the firm.

Solution:-

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