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What journal entries would you pass 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» 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 |
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