DK Goel Solutions Q 29 Chapter 5 Dissolution Class 12 CBSE [2023-24]
Step-by-step solution of Question 29, Chapter 5 Dissolution of a Partnership Firm, DK Goel Class 12 Accountancy 2023-24 for the CBSE Board.
Question 29
P and Q were partners in a firm sharing profits and losses equally. On 15th March, 2023 the firm was dissolved. The dissolution resulted in a loss of ₹ 60,000. On that date the Capital Accounts of P and Q showed credit balances of ₹ 70,000 and ₹ 50,000 respectively. There was a bank balance of ₹ 60,000.
Pass the necessary Journal Entries for (i) the transfer of loss to the Capital accounts of the partners, and (ii) making final payments to the partners.
Solution
All questions of Chapter 5
Orange = this question · Grey = already opened.
About this solution
This is Chapter 5 Dissolution of DK Goel For 2024 Examinations.
Written by Vijay Adarsh, teaching commerce since 2003 to Class 11, Class 12, B.Com, CA, CS and CMA students.
We have solved all the practical questions in this book and explained them Step by Step in detail with clear working notes.
Also, we have followed the proper format and workings which are required as per CBSE Guidelines. Just follow our presentation of solutions and score good marks in the Accountancy Board Exam.
Stuck on this question? Ask Vijay Sir
Be the first to ask on this question.