Questions Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans 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 2.77K viewsAnurag Pathak Answered question October 8, 2024DK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans Pass necessary Journal entries for the following transactions, at the time of dissolution of the firm Realisation Expenses ₹ 3,000 paid 3.16K viewsAnurag Pathak Answered question October 8, 2024DK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans 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: 3.30K viewsAnurag Pathak Answered question October 8, 2024DK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans A, B and C shared profits in the ratio of 1 : 2 : 2. Following is their Balance Sheet on the date of dissolution: 3.31K viewsAnurag Pathak Changed status to publish October 8, 2024DK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans 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: 3.27K viewsAnurag Pathak Answered question October 8, 2024DK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans 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 3.74K viewsAnurag Pathak Answered question October 2, 2024DK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans X, Y and Z decided to dissolve partnership. The position as at 31st December, 2023, the date of dissolution was as follows: 3.53K viewsAnurag Pathak Answered question October 2, 2024DK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans 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 3.69K viewsAnurag Pathak Answered question October 2, 2024DK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans Arnab, Ragini and Dhrupad are partners sharing profits in the ratio of 3 : 1 : 1. Last year, conflicts arose due to certain issues of disagreements and on 31st March, 2023, they decided to dissolved the firm. On that date their Balance sheet was as under: 13.53K viewsAnurag Pathak Changed status to publish October 1, 2024[CBSE] Dissolution of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans 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: 2.77K viewsAnurag Pathak Answered question September 30, 2024DK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans The following was the Balance Sheet of Fox and Wolf as at 31st March, 2024, when they decided to dissolve the firm: 2.81K viewsAnurag Pathak Answered question September 30, 2024DK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans 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 3.18K viewsAnurag Pathak Answered question September 30, 2024DK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans 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 2.86K viewsAnurag Pathak Answered question September 30, 2024DK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans 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.) 3.14K viewsAnurag Pathak Answered question September 30, 2024DK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans The following is the Balance Sheet of X and Y as at 30th June, 2022. Sundry Creditors ₹ 20,000 Bills Payable ₹ 20,000 3.64K viewsAnurag Pathak Answered question September 29, 2024DK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans 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 3.11K viewsAnurag Pathak Answered question September 29, 2024DK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans 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: 3.00K viewsAnurag Pathak Answered question September 29, 2024DK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans 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: 4.48K 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: 3.35K 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: 2.70K viewsAnurag Pathak Answered question September 28, 2024DK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans 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 2.53K viewsAnurag Pathak Answered question September 28, 2024DK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans 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 2.53K viewsAnurag Pathak Answered question September 28, 2024DK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans 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) 2.71K viewsAnurag Pathak Answered question September 28, 2024DK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans 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) 2.85K viewsAnurag Pathak Answered question September 28, 2024DK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans 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 3.06K viewsAnurag Pathak Changed status to publish September 28, 2024DK Goel Dissolution of a Partnership Firm « Previous 1 2 … 33 34 35 36 37 … 188 189 Next » Search questions Search Questions Sahaj and Nimish entered into partnership on 1st April, 2025 without a partnership deed. They introduced capital of 5,00,000 and 3,00,000 respectively 1 Answer | 0 Votes Taran and Deep are partners sharing the profits and losses in the ratio of 2 : 3 with capitals of ₹ 3,00,000 and ₹ 2,00,000 respectively 1 Answer | 0 Votes Puneet and Sahil are partners sharing profits and losses equally. They had opening credit balance in their Loan Accounts of ₹ 9,00,000 each 1 Answer | 0 Votes Raman and Pawan are partners sharing profits and losses in the ratio of 3 : 2. Raman being a non-working partner contributes ₹ 50,00,000 as capital 1 Answer | 0 Votes Raman and Pawan are partners sharing profits and losses in the ratio of 2 : 3. They had opening credit balance in their Loan Accounts of ₹ 5,00,000 and ₹ 4,00,000 respectively 1 Answer | 0 Votes Bani, Rani, and Mani are partners sharing profits and losses in the ratio of 3 : 2 : 1. Bani and Mani granted loans to the firm on 1st October 2022 of ₹ 2,00,000 and ₹ 3,00,000 respectively 1 Answer | 0 Votes Nirmal and Pawan are partners sharing profits in the ratio of 3 : 2. The firm had given a loan to Pawan of ₹ 5,00,000 on 1st April 1 Answer | 0 Votes Akhil, Sunil, and Parvesh are partners sharing profits in the ratio of 3 : 2 : 1. Sunil had given a loan to the firm on 1st November 2022 of ₹ 4,00,000 1 Answer | 0 Votes Bat and Ball are partners sharing the profits in the ratio of 2 : 3 with capitals of ₹ 1,20,000 and ₹ 60,000 respectively 1 Answer | 0 Votes Akhil and Bimal are partners sharing profits in the ratio of 3 : 2. Akhil gave a loan to the firm of ₹ 1,00,000 on 1st October 2022 1 Answer | 0 Votes Question and answer is powered by anspress.net
