What is the solution of the given question - Accountancy - Dissolution of Partnership Firm

Question

What is the solution of the given question

Shruti Mishra · Accepted Answer

Solution :-

JOURNAL

Date
Particulars
L F
Debit
Credit

(i)
Realisation A/c Dr

5,000

To Aman's Capital A/c

5,000

(Being Remuneration paid to Aman )

Realisation A/c Dr

8,000

To Cash A/c

8,000

(Being Realisation expenses paid )

ii)
Naman's Loan A/c Dr

40,000

To Naman's Capital A/c [90,000 x 40% - 10%]

32,400

To Realisation A/c

7,600

(Being Settlement made )

Date	Particulars	L.F	Debit	Credit
(i)	Realisation A/c Dr.		5,000
	To Aman's Capital A/c			5,000
	(Being Remuneration paid to Aman. )

	Realisation A/c Dr.		8,000
	To Cash A/c			8,000
	(Being Realisation expenses paid.)

ii)	Naman's Loan A/c Dr.		40,000
	To Naman's Capital A/c [90,000 x 40% - 10%]			32,400
	To Realisation A/c			7,600
	(Being Settlement made.)