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Category DK Goel Dissolution of a Partnership Firm

DK Goel Dissolution of a Partnership Firm 58 Questions

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Arun, Tarun and Varun share profits in the ratio of 2 : 2 : 1. On 31.12.2022 their Balance Sheet was as follows:

381 viewsAnurag Pathak Changed status to publish October 9, 2024DK Goel Dissolution of a Partnership Firm

0 Votes 1 Ans

Carol and Lacy were partners. They decided to dissolve their firm. Pass the journal entries for the following after various assets and external liabilities have been transferred to Realisation A/c

212 viewsAnurag Pathak Answered question October 8, 2024DK Goel Dissolution of a Partnership Firm

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Pass necessary journal entries in the following cases on the dissolution of a partnership firm of partners X, Y, A and B :

200 viewsAnurag Pathak Answered question October 8, 2024DK Goel Dissolution of a Partnership Firm

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Pass the necessary journal entries for the following transactions on the dissolution of the partnership firm of Tony and Rony after the various assets (other than cash) and external liabilities have been transferred to Realization Account:

198 viewsAnurag Pathak Answered question October 8, 2024DK Goel Dissolution of a Partnership Firm

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Vasudha and Dewan were partners in a firm sharing profits and losses in the ratio of 2 : 3. The firm was dissolved on 31st March, 2019. After transfer of assets (other than cash) and external liabilities to Realization Account

211 viewsAnurag Pathak Answered question October 8, 2024DK Goel Dissolution of a Partnership Firm

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Ravi and Mukesh were partners in a firm sharing profit and losses equally. On 31st March, 2019 their firm was dissolved. On the date of dissolution their Balance Sheet showed stock of ₹ 60,000 and Creditors of ₹ 70,000

212 viewsAnurag Pathak Answered question October 8, 2024DK Goel Dissolution of a Partnership Firm

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P and Q share profits and losses in 5 : 3. What Journal entries would be passed for the following transactions on the dissolution of their firm, after various assets (other than cash) and third party liabilities have been transferred to Realisation Account

197 viewsAnurag Pathak Answered question October 8, 2024DK Goel Dissolution of a Partnership Firm

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Pass necessary Journal entries for the following transactions, at the time of dissolution of the firm Realisation Expenses ₹ 3,000 paid

198 viewsAnurag Pathak Answered question October 8, 2024DK Goel Dissolution of a Partnership Firm

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Susan, Geeta and Rashi are partners sharing profits and losses in the ratio of 5 : 3 : 2. Their Balance Sheet as at 31st March, 2017, is as under:

220 viewsAnurag Pathak Answered question October 8, 2024DK Goel Dissolution of a Partnership Firm

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A, B and C shared profits in the ratio of 1 : 2 : 2. Following is their Balance Sheet on the date of dissolution:

256 viewsAnurag Pathak Changed status to publish October 8, 2024DK Goel Dissolution of a Partnership Firm

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E, F and G were partners in a firm sharing profits in the ratio of 2 : 2 : 1. On March 31, 2017, their firm was dissolved. On the date of dissolution, the Balance Sheet of the firm was as follows:

190 viewsAnurag Pathak Answered question October 8, 2024DK Goel Dissolution of a Partnership Firm

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A and B shared profits in the ratio of 7 : 3. They dissolved the partnership and appointed A to realise the assets. A is to receive 6% commission on the amount realised from stock, Debtors, B/R and Shares

341 viewsAnurag Pathak Answered question October 2, 2024DK Goel Dissolution of a Partnership Firm

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X, Y and Z decided to dissolve partnership. The position as at 31st December, 2023, the date of dissolution was as follows:

233 viewsAnurag Pathak Answered question October 2, 2024DK Goel Dissolution of a Partnership Firm

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A, B and C sharing profits and losses in the ratio of 3 : 2 : 1 agreed to dissolve their partnership firm on 31st March, 2024. A was asked to realise the assets and pay off liabilities

353 viewsAnurag Pathak Answered question October 2, 2024DK Goel Dissolution of a Partnership Firm

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Sanjay and Sameer were partners in a firm sharing profits in the ratio of 2 : 3. On 31.3.2023 their Balance Sheet was as follows:

264 viewsAnurag Pathak Answered question September 30, 2024DK Goel Dissolution of a Partnership Firm

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The following was the Balance Sheet of Fox and Wolf as at 31st March, 2024, when they decided to dissolve the firm:

260 viewsAnurag Pathak Answered question September 30, 2024DK Goel Dissolution of a Partnership Firm

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A and B dissolve their partnership Their position as at 31st March, 2024 was as follows: A’s Capital – ₹ 60,000 B’s Capital – ₹ 40,000 Sundry Creditors – ₹ 25,000 Cash at Bank – ₹ 2,000

309 viewsAnurag Pathak Answered question September 30, 2024DK Goel Dissolution of a Partnership Firm

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The partnership between X and Y was dissolved on March 31, 2022. On that date their respective credits to the Capitals were ₹ 1,50,000 and ₹ 10,000. ₹ 1,20,000 were due to creditors

339 viewsAnurag Pathak Answered question September 30, 2024DK Goel Dissolution of a Partnership Firm

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A, B and C were partners in a firm sharing profits in the ratio of 5 : 3 : 2. On 1-4-2022 they decided to dissolve the firm. On that date A’s Capital was ₹ 2,00,000, B’s Capital was ₹ 10,000 (Dr.) and C’s Capital was ₹ 25,000 (Dr.)

236 viewsAnurag Pathak Answered question September 30, 2024DK Goel Dissolution of a Partnership Firm

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The following is the Balance Sheet of X and Y as at 30th June, 2022. Sundry Creditors ₹ 20,000 Bills Payable ₹ 20,000

264 viewsAnurag Pathak Answered question September 29, 2024DK Goel Dissolution of a Partnership Firm

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A, B and C are in partnership sharing profits and losses in the proportions of 1/2, 1/3 and 1/6 respectively. On 31st January, 2024 they decide to dissolve the partnership, and the position of the firm on this date is represented by the following Balance Sheet

248 viewsAnurag Pathak Answered question September 29, 2024DK Goel Dissolution of a Partnership Firm

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Srijan, Raman and Manan were partners in a firm sharing profits and losses in the ratio of 2 : 2 : 1. On 31st March, 2017 their Balance Sheet was as follows:

338 viewsAnurag Pathak Answered question September 29, 2024DK Goel Dissolution of a Partnership Firm

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Michael, Jackson and John were partners in a firm sharing profits in the ratio of 3 : 1 : 1. On 31st March, 2017, they decided to dissolve their firm. On that date their Balance Sheet was as follows:

538 viewsAnurag Pathak Answered question September 29, 2024DK Goel Dissolution of a Partnership Firm

0 Votes 1 Ans

Harish and Gopal were partners in a firm sharing profits in the ratio of 3 : 2. On 31st March, 2024, their Balance Sheet was as follows:

327 viewsAnurag Pathak Answered question September 29, 2024DK Goel Dissolution of a Partnership Firm

0 Votes 1 Ans

X and Y are partners. They decided to dissolve their firm. Pass necessary entries assuming that various assets and external liabilities have been transferred to Realisation Account:

278 viewsAnurag Pathak Answered question September 28, 2024DK Goel Dissolution of a Partnership Firm

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