Q.18 Solution Dissolution of Partnership Firm TS Grewal Book Class 12 CBSE

Pass necessary Journal entries on dissolution of a firm in the following cases:

1. (a) Dharam, a partner, was appointed to look after the process of dissolution at a remuneration of ₹ 12,000. Dissolution expenses were to be borne by the firm. Dissolution expenses ₹ 11,000 were paid by Dharam.
2. (b) Jay, a partner, was appointed to look after dissolution and was to be paid ₹ 15,000, including dissolution expenses. Dissolution expenses ₹ 16,000 were paid by Vijay, another partner on behalf of Jay.
3. (c) Deepa, a partner, was to handle dissolution and for this work she was to be paid ₹ 7,000, including dissolution expenses. Dissolution expenses ₹ 6,000 were paid from the firm’s bank account.
4. (d) Dev, a partner, agreed to do the work of dissolution for ₹ 7,500. He took stock of the same value as his commission. The stock had already been transferred to Realisation Account.
5. (e) Jeev, a partner, agreed to do the work of dissolution for which he was allowed commission of ₹ 10,000. He agreed to bear the dissolution expenses. Actual dissolution expenses paid by Jeev were ₹ 12,000. These expenses were paid by Jeev by drawing cash from the firm.