Pass necessary journal entries for the following transactions on the dissolution of the firm P and Q after the various assets (other than cash) and outside liabilities have been transferred to Realisation Account: (a) Bank Loan ₹ 12,000 was paid. (b) Stock worth ₹ 16,000 was taken over by partner Q. (c) Partner P paid a creditor ₹ 4,000. (d) An asset not appearing in the books of accounts realised ₹ 1,200. (e) Expenses of realisation ₹ 2,000 were paid by partner Q. (f) Profit on realisation ₹ 36,000 was distributed between P and Q in 5 : 4 ratio.

Pass necessary journal entries for the following transactions on the d

1.	Pass necessary journal entries for the following transactions on the dissolution of the firm P and Q after the various assets (other than cash) and outside liabilities have been transferred to Realisation Account: (a) Bank Loan ₹ 12,000 was paid. (b) Stock worth ₹ 16,000 was taken over by partner Q. (c) Partner P paid a creditor ₹ 4,000. (d) An asset not appearing in the books of accounts realised ₹ 1,200. (e) Expenses of realisation ₹ 2,000 were paid by partner Q. (f) Profit on realisation ₹ 36,000 was distributed between P and Q in 5 : 4 ratio.
Answer» MRAK IT AS A BRAINLIEST ANSWERI TRYED A LOT FOR THESE ANSWERI HOPE IT WILL HELP YOUANSWER :-)Pass necessary Journal entries for the following transactions on the dissolution of the FIRM of P and Q after the various assets (other than CASH ) and outside liabilities have been transferred to REALISATION Account : (a) Bank Loan ₹ 12,000 was paid . (b) Stock worth ₹ 16,000 was TAKEN over by partner Q . (c) Partner P paid a creditor ₹ 4,000 . (d) An asset not appearing in the books of accounts realised ₹ 1,200 . (e) Expenses of realisation of ₹ 2,000 were paid by partner Q . (f) Profit on realisation ₹ 36,000 was distributed between P and Q inPass necessary Journal entries for the following transactions on the dissolution of the firm of P and Q after the various assets (other than cash ) and outside liabilities have been transferred to Realisation Account : (a) Bank Loan ₹ 12,000 was paid . (b) Stock worth ₹ 16,000 was taken over by partner Q . (c) Partner P paid a creditor ₹ 4,000 . (d) An asset not appearing in the books of accounts realised ₹ 1,200 . (e) Expenses of realisation of ₹ 2,000 were paid by partner Q . (f) Profit on realisation ₹ 36,000 was distributed between P and Q inratio .

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