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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. |
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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. |
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