DISSOLUTION OF FIRM ( MOST IMPORTANT QUESTION ) CLASS-12 ACCOUNTS скачать в хорошем качестве

DISSOLUTION OF FIRM ( MOST IMPORTANT QUESTION ) CLASS-12 ACCOUNTS

DISSOLUTION OF FIRM ( MOST IMPORTANT QUESTION ) CLASS-12 ACCOUNTS instagram Link: https://www.instagram.com/manojsharma... Pass Journal entries for following transactions on dissolution of a firm of partners Paras and Lavit, after assets (other than cash) and outside liabilities were transferred to Realisation Account? (i) 'Paras' took 50% of the stock at a discount of 20%. Stock in the Balance Sheet before dissolution was 4,00,000. (ii) Debtors are₹2,64,000. Provision for Doubtful Debts is 24,000,48,000 of debtors were not receivable. (iii) Furniture transferred to Realisation Account was ₹50,000. (iv) Land and Building realised 8,00,000 against book value of ₹ 5,00,000. (v) Machinery transferred to Realisation Account was 6,00,000, which was given to a creditor at a discount of 20% in settlement. (vi) Investments transferred to Realisation Account was 60,000. (vii) Goodwill transferred to Realisation Account was ₹ 1,00,000. (viii) Patents of book value 50,000 realised 25,000. (ix) Accrued income and prepaid expenses in the Balance Sheet before transfer to Realisation Account were 50,000 and 20,000 respectively. #msacademyaccounts #accountancy #accounts