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X , Y and Z are partners in a firm shari...

X , Y and Z are partners in a firm sharing profits in the ratio of ` 3 : 2 : 1` respectively . The firm was dissolved on 1st March , 2013 . After transferring assets (other than cash ) and third party liabilities to the Realisation Account you are provided with the following information :
(a) There was a balance of ₹ 18,000 in the firm's Profit and Loss Account .
(b) There was an unrecorded bike of ₹ 50,000 which was taken over by X .
(c) Creditors of ₹ 5,000 were paid ₹ 4,000 in full settlement of accounts .
Pass necessary Journal entries for the above at the time of dissolution of firm .

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TS GREWAL-DISSOLUTION OF A PARTNERSHIP FIRM-Exercise
  1. Pass the Journal entries in the following cases ? (a) Expenses of re...

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  2. Pass Journal entries for the following : (a) Realisation expenses of...

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  3. Pass Journal entries for the following : (a) Realisation expenses am...

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  4. Record necessary Journal entries in the following cases : (a) Credit...

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  5. Pass Journal entries for the following at the time of dissolution of f...

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  6. Pass Journal entries for the following transactions at the time of dis...

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  7. Pass necessary Journal entries for the following transactions on the d...

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  8. X , Y and Z are partners in a firm sharing profits in the ratio of 3 ...

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  9. Pass necessary Journal entries to record the following unrecorded asse...

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  10. Aman and Harsh were partners in a firm . They decided to dissolve thei...

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  11. Rohit , Kunal and Sarthak are partners in a firm . They decided to dis...

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  12. Book Value of assets (other than cash and bank ) transferred to Realis...

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  13. Lal and Pal were partners in a firm sharing profits in the ratio of 3:...

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  14. Pass the Journal entries for the following transactions on the dissolu...

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  15. What Journal entries would be passed for discharge of following unreco...

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  16. Pass the necessary Journal entries on the dissolution of a firm in the...

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