1.

Pass Journal entries in the following cases?(a) Expenses of realisation ₹ 1,500.(b) Expenses of realisation ₹ 600 but paid by Mohan, a partner.(c) Mohan, one of the partners of the firm, was asked to look into the dissolution of the firm for which he was allowed a commission of ₹ 2,000.(d) Motor car of book value ₹ 50,000 taken over by creditors of the book value of ₹ 40,000 in full settlement.

Answer» Pass Journal entries in the following cases?

(a) Expenses of realisation ₹ 1,500.

(b) Expenses of realisation ₹ 600 but paid by Mohan, a partner.

(c) Mohan, one of the partners of the firm, was asked to look into the dissolution of the firm for which he was allowed a commission of ₹ 2,000.

(d) Motor car of book value ₹ 50,000 taken over by creditors of the book value of ₹ 40,000 in full settlement.


Discussion

No Comment Found