Write journal entries will be recorded for the following transactions

1.	Write journal entries will be recorded for the following transactions on the dissolution of a firm ? (a) Payment of unrecorded liabilities of Rs. 3,200. (b) Stock worth Rs. 7,500 is taken by a partner Rohit. (c) Profit on Realisation amounting to Rs. 18,000 is to be distributed between the partners Ashish and Tarun in the ratio of 5 : 7. (d) An unrecorded asset realised Rs. 5,500.
Answer» Write journal entries will be recorded for the following transactions on the dissolution of a firm ? (a) Payment of unrecorded liabilities of Rs. 3,200. (b) Stock worth Rs. 7,500 is taken by a partner Rohit. (c) Profit on Realisation amounting to Rs. 18,000 is to be distributed between the partners Ashish and Tarun in the ratio of 5 : 7. (d) An unrecorded asset realised Rs. 5,500.

Write journal entries will be recorded for the following transactions on the dissolution of a firm ? (a) Payment of unrecorded liabilities of Rs. 3,200. (b) Stock worth Rs. 7,500 is taken by a partner Rohit. (c) Profit on Realisation amounting to Rs. 18,000 is to be distributed between the partners Ashish and Tarun in the ratio of 5 : 7. (d) An unrecorded asset realised Rs. 5,500.

Answer»

Write journal entries will be recorded for the following transactions on the dissolution of a firm ?

(a) Payment of unrecorded liabilities of Rs. 3,200.

(b) Stock worth Rs. 7,500 is taken by a partner Rohit.

(c) Profit on Realisation amounting to Rs. 18,000 is to be distributed between the partners Ashish and Tarun in the ratio of 5 : 7.

(d) An unrecorded asset realised Rs. 5,500.