Question

13. Anshul and Divya were partners sharing profits in the ratio of 2:1.Pass Journal
Entries for the following Transactions at the time
of Dissolution
of Firm:
1) Workmen Compensation Reserve stood at Rs 90000 in the Balance sheet and there
was no liability towards workmen compensation
2) Workmen compensation Reserve stood at Rs 90000 in the Balance sheet and
Liability in respect of it was ascertained at Rs 60000.
4 Marks​

Answer 1

Explanation:

of Dissolution of Firm: 1) Workmen Compensation Reserve stood at Rs 90000 in the Balance sheet and there was no liability ...