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Answer

Give the necessary journal entries for the following transactions on dissolution of the firm of Aman and Rajat on 31st March, 2024, after the transfer of various assets (other than cash) and the third party liabilities to Realisation Account

Solution:-

Anurag Pathak
September 28, 2024

Adiraj and Karan were partners in a firm sharing profits and losses in the ratio of 3 : 2. On 31st March, 2018 the firm was dissolved. After the transfer of assets

Solution:-

Anurag Pathak
September 28, 2024

Gaurav, Saurabh and Vaibhav were partners in a firm sharing profits and losses in the ratio of 2 : 2 : 1. They decided to dissolve the firm on 31st March, 2018

Solution:-

Anurag Pathak
September 28, 2024

P and Q were partners in a firm sharing profits and losses equally. On 15th March, 2023 the firm was dissolved. The dissolution resulted in a loss of ₹ 60,000

Solution:- Working Notes:-

Anurag Pathak
September 28, 2024

Jain, Sharma and Verma were partners in a firm sharing profits in the ratio of 1 : 2 : 1. On 31st March, 2018 their firm was dissolved

Solution:-

Anurag Pathak
September 28, 2024

Give Journal entries in each of the following alternative cases on the dissolution of a firm Realisation expenses paid by X on behalf of the firm

Solution:-

Anurag Pathak
September 25, 2024

A, B and C are partners sharing profits and losses in the ratio of 4 : 2 : 1. On 31st March, 2024, their Balance Sheet was as follows:

Solution:-

Anurag Pathak
September 25, 2024

A, B and C were partners in a firm sharing profits & losses in the ratio of 2 : 2 : 1. The Balance Sheet of the firm at the date of dissolution was as follows:

Solution:-

Anurag Pathak
September 25, 2024

P, Q and R were partners in a firm sharing profits in the ratio of 1 : 2 : 2. Their Balance Sheet as at 31st March, 2024 was as follows:

Solution:-

Anurag Pathak
September 25, 2024

Following is the balance sheet of P, Q and R who were sharing profits and losses in the ratio of 3 : 2 : 1

Solution:-

Anurag Pathak
September 25, 2024