Question

Q.15 The firm of Manjeet, Sujeet and Jagjeet was dissolved on 31st March,2018. It was agreed that sujeetwill take care of the dissolution related activities and will get 10% of the value of assets realised. Sujeetagreed to bear the realisation expenses. Assets realisedRs. 10,00,750 and realization expenses were Rs.90,000, which were paid from the firm's cash. Rs. 4,50,000 were paid to the creditors in full settlement ortheir claim.Pass necessary journal entries for the above transactions in the books of the firm. (4)​

Answer 1

Answer:

i hope it's helpful to you ☺️