Dissolution of ...

Amount realized from the sale of assets will be transferred to ______ Account _____ side

Realisation expenses of ₹8,000 were to be borne and paid by Mr X (a partner). Give entry.

After which account it is assumed that dissolution of firm stand closed?

Realisation expenses of Rs.6,000 were to be borne by a partner Ram. However these expenses were paid by Mohan. Give entry.

A and B share profits and losses in the ration of 5:2. They have decided to dissolve the firm. Assets and external liabilities have been transferred to Realisation A/c. As unrecorded Entries to effect of Deferred Advertisement Expenditure A/c appeared in the book at ` 28,000 written off. What should be journal entry

If a partner has given any loan to the firm, his loan will be paid ____ payment of all the outside liabilities : but _____making any payment to partners on account of capital

Deferred Revenue expenditure given in B/S will be:

Partners’ Capital Account is which type of account

Nilay and Poppy were partners sharing profits equally. Their firm was dissolved. Nilay agreed to take over 50% of the stock at 10% less on its book value and the remaining stock was sold at a gain of 15%. Balance sheet show stock amounted ` 35000. By what amount Bank A/c (stockrealised) should be shown on credit side of realization account?

Z one partner was paid remuneration (including expenses) of ₹9,000 to carry out dissolution of the firm. Actual realization expenses were ₹11,500. How will you record this?

One partner, Ramesh is ready to pay the Bills Payable ₹8,000 at the time of dissolution. Actual value of Bills payable was ₹10,000. Give entry.

Creditor’s paid 42000 in full settlement of  ₹ 45000. what should be the journal entry

Goodwill given in the Balance Sheet will be shown in:

Unrecorded Asset taken over by the partner will not be shown in:

If a partner takeover an assets such partner s account is ___

Manik and Naman share the profits equally. They decided to dissolve their firm. Their liabilities were: Manik’s Capital ₹25,000; Naman’s Capital ₹30,000; Creditors ₹12,500; Bills payable ₹7,500; Assets of the firm realized ₹1, 00,000. Balance of cash/bank was nil in balance sheet. Find out profit on realisation.

Following is the Balance sheet of K and S who share profits and losses equally as on 31st march 2010. The firm was dissolved .Debtors realized ₹ 31,500 (with interest) and ₹ 1200 was recovered for bad debts written off last year. Balance sheet shows debtors amounted ₹ 25000 By what amount Bank A/c (Debtors realised) should be shown on credit side of the realization account?

What should be the journal entry when A takes over loan payable to Mrs. A ₹20000

Vinod (one partner) agreed to take a creditor of ₹50,000 for 45,000. How would you record this transaction?

Current Accounts of the partners will be closed by ______