Question

Q33. Pass necessary journal entries on the dissolution of a partnership firm in the following cases:
(4)
() Dissolution expenses were Rs. 800.
(11) Dissolution expenses Rs. 800 were paid by Prabhu, a partner.
(1) Geeta, a partner, was appointed to look after the dissolution work, for which she was allowed a
remuneration of Rs. 10,000. Geeta agreed to bear the dissolution expenses. Actual dissolution
expenses Rs. 9,500 were paid by Geeta.
(iv) Janki, a partner, agreed to look after the dissolution work for a commission of Rs.5,000. Janki
agreed to bear the dissolution expenses. Actual dissolution expenses Rs. 5,500 were paid by Mohan,
another partner, on behalf of Janki.​

Answer 1

Answer:

Ans 1 . Dissolution expenses were Rs 800. <br>

Ans 2 . Dissolution expenses Rs 800 were paid by Prabhu a partner. <br>

Ans 3 . Geeta, a partner, was appointed to look after the dissolution work, for which she was allowd a remuneration of Rs 10,000. Geeta agreed to bear the dissolution expenses. Actual dissolution expenses Rs 9.500 were paid by Geeta. <br>

Ans 4 . Janki, a partner, agreed to look after the disolution expenses. Actual dissolution expenses Rs 5,500 were paid by Mohan, another partner, on behalf of Janki. <br>

Ans 5 . partner, Kavita, agreed to look after the dissolution process for a commission of Rs 9,000. She also agreed to bear the dissolution expenses. Kavita took over furniture of Rs 9,000 for her commission. Furniture had already been transferred to Realisation Account. <br>

Ans 6 . A debtor, Ravinder, for Rs 19,000 agreed to pay the dissolution expenses which were Rs 18,000 in full settlement of his debt.