plz kindly provide the answres
Dear Student,
The Journal Entry for the said transaction will be :--
After taking into account all the other transaction relating to dissolution balance of the realisation account will be transferred to the capital Accounts of the Partners(i.e E anf F) in profit sharing ratio which is 1:1
Regards
The Journal Entry for the said transaction will be :--
| Date | Particulars | L/F | Amt Dr | Amt Cr |
| E's Capital A/C Dr To Revaluation A/C (Being Goodwill Taken over by Partner E) | 54,000 | 54,000 |
After taking into account all the other transaction relating to dissolution balance of the realisation account will be transferred to the capital Accounts of the Partners(i.e E anf F) in profit sharing ratio which is 1:1
Regards