Question

pass the journal entries of the following transactions on the dissolution of the firm of T and P after the various assets and outside liabilities have been transferred to realisation account​

Answer 1

Answer:

journal 24.............

Answer 2

Answer

Pass necessary Journal entries for the following transactions on the dissolution of the firm of P and Q after the various assets (other than cash ) and outside liabilities have been transferred to Realisation Account : <br> (a) Bank Loan ₹ 12,000 was paid . <br> (b) Stock worth ₹ 16,000 was taken over by partner Q . <br> (c) Partner P paid a creditor ₹ 4,000 . <br> (d) An asset not appearing in the books of accounts realised ₹ 1,200 . <br> (e) Expenses of realisation of ₹ 2,000 were paid by partner Q . <br> (f) Profit on realisation ₹ 36,000 was distributed between P and Q in

5:4

Ratio