DK Goel Solutions Q 1 Chapter 5 Dissolution Class 12 CBSE [2023-24]
Step-by-step solution of Question 1, Chapter 5 Dissolution of a Partnership Firm, DK Goel Class 12 Accountancy 2023-24 for the CBSE Board.
Question 1
Manoj and Nand were partners sharing profits in the ratio of 3 : 2. Pass journal entries under following situations at the time of dissolution of firm :
- (i) Workmen Compensation Reserve stood at ₹ 1,00,000 and there was no liability towards Workmen Compensation.
- (ii) Workmen Compensation Reserve stood at ₹ 1,00,000 and liability in respect of it was acertained at ₹ 75,000.
- (iii) Workmen Compensation Reserve stood at ₹ 1,00,000 and liability in respect of it was ascertained at ₹ 1,20,000.
- (iv) Workmen Compensation Reserve stood at ₹ 1,00,000 and liability in respect of it was ascertained at ₹ 1,00,000.
Solution
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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.
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