Question

61
FIRM
Q. 32. Give journal entries in each of the following alternative cases on the
dissolution of a firm :
(i) Realisation expenses paid by X on behalf of the firm.
(ii) Realisation expenses paid by the firm 1,000. However, the expenses were to
be borne by partner X for which he was to be given a commission of 5% on net
cash realised on dissolution. Cash realised from assets was 12,00,000 and
210
cash paid for liabilities was 40,000.
(iii) General Reserve appearing in the balance sheet was 720,000.
(iv) Sundry Creditors amounted to 315,000. These were paid at a discount of 2%.
Ans G
Dahit Dicotinn And Credit Capital Ale​

Answer 1

Answer:

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