16 Pass the necessary Joumal Entries for the following transactions on the
dissolution of the firm of A B and C who were sharing profits in the ratio of
4:3.3 after the transfer of all the assets (other than cash) and external liabilities
to Realisation A/C,
a) R, a creditor to whomt 6,000 was to be paid, accepted office equipment
of 5.5DO in full settlement
b) Cs loan of 10,000 was discharged along with accrued interest of 200
not yet recorded
Sundry assets were of 1.17.000. B is to take over some sundry assets at
* 72.000 (being 10% less than the book value). C is to take over
remaining sundry assets at 80% of the book value.
d) An unrecorded computer of 5,000 was taken over by A at 10% discount
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all organisms depend on food. some depend on food while some can survive on water, they have different systems that allow them to live in a unique way. humans need food water and oxygen to live.
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