Questions Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans Neeraj, Dheeraj and Sheeraj were partners in a firm since 2015. Due to some personal financial needs and constant disagreements among them, they decided to dissolve the firm. 3.79K viewsAnurag Pathak Changed status to publish July 27, 2023[CBSE] Dissolution of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans Suman and Rajan were partners in a firm sharing profits and losses in the ratio of 3 : 1. The firm was dissolved on 31st March 2019. Pass the necessary Journal entries for the following transactions after various assets (other than cash in hand and a bank) and third-party liabilities have been transferred to Realisation Account. 2.98K viewsAnurag Pathak Changed status to publish July 27, 2023[CBSE] Dissolution of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans Rohit, Kunal and Sarthak are 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) and the third party liability have been transferred to Realisation Account: 3.07K viewsAnurag Pathak Changed status to publish July 27, 2023[CBSE] Dissolution of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans Aman and Harsh were partners in a firm. They decided to dissolve their firm. Pass necessary Journal entries for the following after assets 3.61K viewsAnurag Pathak Changed status to publish July 27, 2023[CBSE] Dissolution of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans Pass necessary Journal entries to record the following unrecorded assets and liabilities in the books of Paras and Priya. 2.25K viewsAnurag Pathak Changed status to publish July 27, 2023[CBSE] Dissolution of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans Simar, Raja and Rita were partners in a firm sharing profits and losses in the ratio of 2 : 2 : 1. The firm was dissolved on 31st March, 2019. 3.36K viewsAnurag Pathak Changed status to publish July 27, 2023[CBSE] Dissolution of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans Nisha, Kamal and Vijay has an automobile spare parts business. Due to strained relationship among the partners, they were unable to take collective decisions for the growth of business. 2.19K viewsAnurag Pathak Changed status to publish July 27, 2023[CBSE] Dissolution of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans The firm of Manjeet, Sujeet and Jagjeet was dissolved on 31st March, 2018. It was agreed that Sujeet will take care of the dissolution related activities and will get 10% of the value of assets realised. 2.91K viewsAnurag Pathak Changed status to publish July 27, 2023[CBSE] Dissolution of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans Pass, Journal entries for the following at the time of dissolution of the firm of X and Y after the various assets (other than cash) and outside liabilities have been transferred to Realisation Account: 4.88K viewsAnurag Pathak Changed status to publish July 27, 2023[CBSE] Dissolution of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans Charu, Dhwani, Iknoor and Paavni were partners in a firm. They had entered into partnership firm last year only, through a verbal agreement. 4.67K viewsAnurag Pathak Changed status to publish July 27, 2023[CBSE] Dissolution of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans Creditors of ₹ 85,000 accepted ₹ 40,000 as cash and investment of ₹ 43,000, in full settlement of their claim. 1.93K viewsAnurag Pathak Changed status to publish July 27, 2023[CBSE] Dissolution of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans Realisation expenses of ₹ 10,000 were to be borne by Mohan, a partner, but were paid by the firm. 3.79K viewsAnurag Pathak Changed status to publish July 27, 2023[CBSE] Dissolution of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans Expenses of realisation ₹ 600 to be borne by the firm and are paid by Mohan, a partner. 3.19K viewsAnurag Pathak Changed status to publish July 27, 2023[CBSE] Dissolution of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans Pass the Journal entry when an unrecorded liability of ₹ 15,000 is settled at ₹ 10,000 and paid by X, a partner on the dissolution of a firm? 3.01K viewsAnurag Pathak Changed status to publish July 27, 2023[CBSE] Dissolution of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans Land and Building (Book Value) ₹ 1,60,000 sold for ₹ 3,00,000 through a broker who charged 2% commission on the deal. Journalise the transaction, at the time of dissolution of the firm. 3.45K viewsAnurag Pathak Changed status to publish July 27, 2023[CBSE] Dissolution of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans Nisha, Kamal and Vijay has an automobile spare parts business. Due to strained relationship among the partners, they were unable to take collective decisions for the growth of business. 5.67K viewsAnurag Pathak Changed status to publish July 27, 2023[CBSE] Dissolution of Partner 0 Votes 1 Ans Ajay, Salil and Ravi were partners in a firm sharing profits in the ratio of 5 : 3 : 2. Ajay died on 20th February 2023. The Balance Sheet of the firm on that date was as follows: 5.21K viewsAnurag Pathak Changed status to publish July 26, 2023[CBSE] Death of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans X, Y and Z were partners in a firm sharing profits in the ratio of 2 : 2 : 1. On 31st March, 2022, their Balance Sheet was as follows: 5.25K viewsAnurag Pathak Changed status to publish July 26, 2023[CBSE] Death of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans The Balance Sheet of X, Y and Z as at 31st March, 2023 was: 5.23K viewsAnurag Pathak Changed status to publish July 26, 2023[CBSE] Death of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans The Balance Sheet of A, B and C who were sharing profits in the ratio of 3 : 3 : 4 as at 31st March, 2019 was as follows: 5.81K viewsAnurag Pathak Changed status to publish July 26, 2023[CBSE] Death of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans On 31st March, 2014, the Balance Sheet of Pooja, Qureshi and Ross, who were partners in a firm was as under: 4.92K viewsAnurag Pathak Changed status to publish July 26, 2023[CBSE] Death of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans Shirish, Harit and Asha were partners in a firm sharing profits in the ratio of 5 : 4 : 1. Shirish died on 30th June, 2018. On this date, their Balance Sheet was follows: 6.47K viewsAnurag Pathak Changed status to publish July 26, 2023[CBSE] Death of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans A, B and C were partners in a firm. A died on 31st March, 2018 and the Balance Sheet of the firm on that date was as under: 6.97K viewsAnurag Pathak Changed status to publish July 26, 2023[CBSE] Death of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans X and Y are partners. The Partnership Deed provides inter alia: 4.20K viewsAnurag Pathak Changed status to publish July 26, 2023[CBSE] Death of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans The Balance Sheet of Sadhu, Raja and Karan who were sharing profits in the ratio of 4 : 2 : 4 as at 31st March, 2023 was as follows: 6.01K viewsAnurag Pathak Changed status to publish July 26, 2023[CBSE] Death of Partner[CBSE] TS Grewal Solutions « Previous 1 2 … 132 133 134 135 136 … 161 162 Next » Question and answer is powered by anspress.net
