Question

18. Pass the necessary journal entry for the following transactions on the dissolution of the
firm after the various assets other than cash and outside liabilities have been
transferred to Realisation A/c.
i) Sheena, a partner agreed to pay off her husband's loan Rs. 3,80,000.
A debtor whose debt of Rs. 18,000 was written off in his books was paid Rs. 15,000
in full settlement.
iii) Sundry creditors Rs. 2,00,000 were paid at 9% discount.
iv) Realization expenses Rs. 34,000 was paid by Sheena for which she was allowed Rs.
30,000
4
10 from the following data:
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Answer 1

Answer:

Answer :

A machine will cost rs 500000 and will provide annual net cash inflow rs 150000 for six years.The cost of capital 15% calculate the machine nvp ,PI and IRR should the machine be purchased

the entry for this purchase has not been made in the book . this was in adjustment of financial accounting give me 2 effect of this question .

Journalis the following transactions in the books of Priya nath