On dissolution of a firm, there was an Unrecorded asset or Rs. 2,000 which was taken over by a partner at Rs. 2,500 What entry will be passed? Post category:Accountancy Reading time:1 mins read SOLUTION Partner’s Capital A/c Dr. 2,500 To Realisation A/c 2,500 Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostOn dissolution of a firm, Sundry Creditors amounted to Rs. 8,000. These were paid at a discount of 5%. What entry will he passed? Next PostOn the basis of following data, how much final payment to a partner on firm’s dissolution will be made? Debit balance of Capital Account Rs. 14,000; Share of his profit on realisation Rs. 43,000; Firm’s asset taken over by him for Rs. 17,000. You Might Also Like A partnership firm has 50 members. All the partners have agreed to admit Ram and Mohan as new partners. Can Ram and Mohan be admitted? Give Reason in support of your answer. (C.B.S.E. Sample Paper, 2017) September 23, 2022 Do all forms of business organisations prepare a Profit and Loss Appropriation Account? September 26, 2022 A and B are in partnership sharing profits and losses in die ratio of 3: 2. They admit C into partnership with l / 5th share which he acquires equally from A and B. Accountant has calculated new profit-sharing ratio as 5: 3: 2. Is accountant correct? (C.B.SE Sample Paper 2020) September 27, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
A partnership firm has 50 members. All the partners have agreed to admit Ram and Mohan as new partners. Can Ram and Mohan be admitted? Give Reason in support of your answer. (C.B.S.E. Sample Paper, 2017) September 23, 2022
Do all forms of business organisations prepare a Profit and Loss Appropriation Account? September 26, 2022
A and B are in partnership sharing profits and losses in die ratio of 3: 2. They admit C into partnership with l / 5th share which he acquires equally from A and B. Accountant has calculated new profit-sharing ratio as 5: 3: 2. Is accountant correct? (C.B.SE Sample Paper 2020) September 27, 2022
