Advanced Placement (AP), 21.02.2021 08:40 ttglilrob
Give necessary journal entries in each of the following cases at the time of dissolution of firm: (4)
i. Loan of Rs. 10,000 advanced by a partner Y to the firm was refunded.
ii. Undistributed balance of Profit& Loss A/c(Dr) Rs.45,000.The had
X, Y and Z as partners.
iii. A contingent liability of Rs.4,000 was paid now.
iv. Realisation expenses paid by partner Y Rs.1000.
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Give necessary journal entries in each of the following cases at the time of dissolution of firm: (4...
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