solution of ques no 44 . (dissolution of partnership )
solution of ques no 44 . (dissolution of partnership ) pass necessary Journal entries for the dissolution of firm
Profit on Realisation E vnal ? 2 12340
Gantna
NO ill for
Q. 44. l;ollowing is the Balance Sheet of Vinit arul Y oge• at
BAIANCT SHEET
firm was dissolved on 31st March. 2015.
liabilities Were
(a) Vinit prom.*d to pay off Mrs. Vinit•s Loan took away suxk at 209.
discount_
(b) Y a•ay ttr investnrrRs at
(c) Sunil, a debtor of 50.000 had to pay due after
of dissolution. He was allowed a Of
remaining debtor% were collected in full.
(d) Creditors were paid in full Of t'*ir claim.
(e) Fixed Assets realised and remaining investment realigd
(f) "wre an old firniture which has Antien Off from tic
books. Yogesh took away the same for ?4.000,
(g) Realisation exßnseS were paid by Vinit
Prepare A/c, Bank NC and Partners' Capital A.'cs,
/CRSE
Aus. I Realisation ?64, 000'. l-•inal to Vinit
bri ngs in .O(K); Of Bank A/c
Q am] R in a firm sharing "Of'S in Of i
Sheel as 3 Isl March. 2014 was as follows
