Dear Student, Journal Date Particulars L F Debit Amount (Rs) Credit Amount (Rs) Y’s Loan A/c Dr 50,000 To Realisation A/c 50,000 (Y took over investments in settlement of his loan)

Q15

Q15 Q, and Burun we partner" tfS.0fL000 t•ke into pannevsl•,.;' guaranteed will protots 'hare "ill borne by Ankitaru•l hy c 'hundcr h". tn the rat"' oi 4: the end oi intere'-,l amounted to t Didrthutc the tr-xmsacuons on [be dissolutivl% V. IS. Pass the necessary journal entries fer the firm Of A' and ) ' the and transferred 10 Realisation Account : I he firm had borrowed from partner F be tools over investmenrs t60.OOO in full payment of his loam

Dear Student,

Journal
Date	Particulars		L.F.	Debit Amount (Rs)	Credit Amount (Rs)

	Y’s Loan A/c	Dr.		50,000
	To Realisation A/c				50,000
	(Y took over investments in settlement of his loan)

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