1.

Pass journal entries for the following at the time of dissolution of a firm: (a) Sale of Assets – ₹ 50,000. (b) Payment of Liabilities – ₹ 10,000. (c) A commission of 5% allowed to Mr. X, a partner, on sale of assets. (d) Realisation expenses amounted to ₹ 15,000. The firm had agreed with Amrit, a partner to reimburse him up to ₹ 10,000. (e) Z, an old customer whose account for ₹ 6,000 was writte off as bad in the previous year paid 60% of the amount written off. (f) Investment (Book Value ₹ 10,000) realised at 150%.

Answer»

A legend is a genre of folklore that CONSISTS of a NARRATIVE featuring human actions PERCEIVED or believed both by teller and listeners to have taken place within human history. Narratives in this genre may demonstrate human values, and possess CERTAIN qualities that give the TALE verisimilitude



Discussion

No Comment Found

Related InterviewSolutions