Question

There was an old computer which was written-off in the books of Accounts in the pervious year. The same has been taken over by a partner Nitin for Rs 3,000. Journalise the transaction, supposing. That the firm has been dissolved.

Answer 1

Answer:

Journal

Particulars

L.F.

Amount

Rs

Amount

Rs

Nitin’s Capital A/c

Dr.

3,000

To Realisation A/c

3,000

(Unrecorded computer taken over by Nitin)