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Category DK Goel Dissolution of a Partnership Firm

DK Goel Dissolution of a Partnership Firm 59 Questions

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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:

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

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In a firm’s Balance Sheet, Total Debtors were appearing at ₹ 5,00,000 and provision for doubtful debts appeared at ₹ 10,000. On dissolution, bad debts were ₹ 1,00,000

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

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If total assets are ₹ 12,00,000; total liabilities are ₹ 3,00,000; assets are realised at 70% and expenses on realisation are ₹ 10,000

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

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Angad, Raman and Harshit were partners in a firm. They decided to dissolve their firm. Pass necessary journal entries for the following after various assets (other than cash and bank)

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

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Disha, Mohit and Nandan are partners. They decide to dissolve their firm. Pass necessary Journal Entries for the following after various Assets (other than Cash and Bank)

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

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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

781 viewsAnurag Pathak Changed status to publish September 28, 2024DK Goel Dissolution of a Partnership Firm

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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

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

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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

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

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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

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

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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

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

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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:

681 viewsAnurag Pathak Changed status to publish September 27, 2024DK Goel Dissolution of a Partnership Firm

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A, B and C sharing profits in the proportion of 3 : 2 : 1 agreed upon dissolution of their partnership firm on 31st March, 2024 on which date their balance sheet was as under:

848 viewsAnurag Pathak Changed status to publish September 27, 2024DK Goel Dissolution of a Partnership Firm

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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

647 viewsAnurag Pathak Answered question September 25, 2024DK Goel Dissolution of a Partnership Firm

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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:

827 viewsAnurag Pathak Answered question September 25, 2024DK Goel Dissolution of a Partnership Firm

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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:

691 viewsAnurag Pathak Answered question September 25, 2024DK Goel Dissolution of a Partnership Firm

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

975 viewsAnurag Pathak Answered question September 25, 2024DK Goel Dissolution of a Partnership Firm

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X, Y and Z were in partnership sharing profits and losses in the ratio of 7 : 2 : 1 and the Balance Sheet of the firm stood on 31st March, 2024, as under

678 viewsAnurag Pathak Answered question September 25, 2024DK Goel Dissolution of a Partnership Firm

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Following is the Balance Sheet of Deepak and Jyoti, who were sharing profit and losses in the ratio of 3 : 2, as at March 31, 2024

675 viewsAnurag Pathak Answered question September 25, 2024DK Goel Dissolution of a Partnership Firm

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X, Y and Z entered into partnership on 1st October 2021 sharing profits and losses in the proportions of 4 : 3 : 2, respectively, and with capitals of ₹ 30,000, ₹ 20,000 and ₹ 10,000

1.14K viewsAnurag Pathak Answered question September 23, 2024DK Goel Dissolution of a Partnership Firm

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On 1st April, 2023, A, B and C commenced business in partnership sharing profit and losses in proportion of 1/2, 1/3 and 1/6 respectively. They paid into their Bank A/c as their capital ₹ 22,000 being ₹ 10,000 by A, ₹ 7,000 by B and ₹ 5,000 by C

742 viewsAnurag Pathak Answered question September 23, 2024DK Goel Dissolution of a Partnership Firm

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Ashok and Kishore were in partnership sharing profits in the ratio of 3 : 1. They agreed to dissolve the firm. The assets (other than cash of ₹ 2,000) of the firm realised ₹ 1,10,000

658 viewsAnurag Pathak Answered question September 23, 2024DK Goel Dissolution of a Partnership Firm

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A, B and C are in partnership sharing in 4 : 3 : 3. They decided to dissolve the partnership firm. At the date of dissolution their creditors amounted to ₹ 16,800

697 viewsAnurag Pathak Answered question September 23, 2024DK Goel Dissolution of a Partnership Firm

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The following is the Balance Sheet of A, B and C, as at 31st March, 2024 Creditors ₹ 30,000 Mrs. A’s Loan ₹ 20,000

956 viewsAnurag Pathak Changed status to publish September 22, 2024DK Goel Dissolution of a Partnership Firm

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Sita and Gita were partners sharing profits and losses in the ratio of 4 : 5. They dissolved their partnership on 31st March, 2021, when their Balance Sheet showed the following balances

711 viewsAnurag Pathak Changed status to publish September 22, 2024DK Goel Dissolution of a Partnership Firm

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Raman and Richa were partners in a firm sharing profits in the ratio of 7 : 3. On 31.3.2024 the Balance Sheet of the firm was as follows:

759 viewsAnurag Pathak Changed status to publish September 22, 2024DK Goel Dissolution of a Partnership Firm

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