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

  • 1
What are you looking for?