Pass necessary journal entries for the following transaction at the time of dissolution of the firm.
a. Loan of Rs. 10,000 advanced by a partner Mr. Abu was settled at Rs. 9,000.
b. Undistributed balance of General Reserve was Rs. 30,000. The firm has three partners, Abu, Balu and Chinu.
c. Balu to bear realisation expenses for which he will get Rs. 2,000. The actual expenses paid by him Rs. 1,600.
d. Stock worth Rs. 20,000 was taken over by a partner Chinu for Rs. 14,000.

a)anbu's loan a/c   dr     9000
   to bank a/c                             9000
b)general reserve a/c    dr    30000
   to anbu's capital a/c                        10000
  to bala's capital a/c                          10000
  to chinu's capita; a/c                        10000
c)realisation a/c    dr           1600
   to expenses  a/c                                1600
d)chinu's capital a/c     dr      14000
     to realisation a/c                             14000

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