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Q. 7 Pass necessary Journal entries …

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Q. 7 Pass necessary Journal entries for the following transactions, at the time of dissolution of the firm : A. Realization expenses rs. 4550 paid. B. An unrecorded liability amounting to rs. 20,000 was settled at rs.16,880. C. Machinery of the book vaue of rs. 75,000 taken over by creditors of the book value of rs. 65,000 in full settlement. D. Profit and loss account balance of rs. 45,000 appeared on the assets side of the balance sheet. 4

Posted by Sachin Sajwan 5 years, 3 months ago

CBSE > Class 12 > Accountancy

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