Question

13. Pass Journal Entries for following transaction. Ratio
b/w the Partners is 3:2:1 at the time of dissolution of
the firm.
i. Realisation Expenses of Rs. 2000 were to be borne
by and also paid by X partner.
ii. There was a balance of Rs. 18000 in General
Reserve on the date of dissolution.
iii. Y was given Loan of Rs. 50,000 by the Frim.
iv. Y a Partner took a machine for Rs. 20,000.
P.T.O.
(3)​

Answer 1

Explanation:

13. Pass Journal Entries for following transaction. Ratio

b/w the Partners is 3:2:1 at the time of dissolution of

the firm.

i. Realisation Expenses of Rs. 2000 were to be borne

by and also paid by X partner.

ii. There was a balance of Rs. 18000 in General

Reserve on the date of dissolution.

iii. Y was given Loan of Rs. 50,000 by the Frim.

iv. Y a Partner took a machine for Rs. 20,000.

P.T.O.

(3)