Question

B, C and D were partners in a firm sharing profits and losses in the ratio of 1:4: 5. On 31st March, 2018 the firm was dissolved and on that date the
Balance Sheet of the firm showed a loan of < 10,000 given by C's brother F. C
agreed to pay his brother's loan. Pass necessary journal entry for the above
on the firm's dissolution.​

Answer 1

Answer:

Realisation a/c 'dr'

To C's brothers loan

Explanation:

the loan is given by C's brother f, is paid by c,