Dissolution expenses amounting to Rs. 15,000 were to be borne by partner Y and the balance by the firm. Dissolution expenses amounted to Rs. 25,000 and the entire amount was paid by Y. Pass journal entry.

Dissolution expenses amounting to Rs. 15,000 were to be borne by partner Y and the balance by the firm. Dissolution expenses amounted to Rs. 25,000 and the entire amount was paid by Y. Pass journal entry.

Post category:Accountancy
Reading time:1 mins read

SOLUTION

Realisation A/c Dr. 10,000
To Y’s Capita! A/c 10,000
(Dissolution expenses paid by)

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