Q.5 Solution Dissolution of Partnership Firm TS Grewal Book Class 12 CBSE
Step-by-step solution of Question 5, Chapter 7 Dissolution of a Partnership Firm, TS Grewal Class 12 Accountancy 2024-25 for the CBSE Board.
Question 5
Pass Journal entries for the following:
- (a) Firm agreed to pay Alok ₹ 7,500 towards dissolution expenses. Dissolution expenses were ₹ 10,000, which were paid by the firm.
- (b) Realisation expenses were ₹ 5,000. It was agreed that the firm will bear ₹ 2,000 and balance by Ravi, a partner.
- (c) Dissolution expenses of ₹ 10,000 were paid by Amit, a partner, on behalf of the firm.
- (d) Realisation expenses up to ₹ 6,000 was agreed by the firm to reimburse Ajay. Dissolution expenses were ₹ 7,000.
Solution
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