Ts Grewal Solutions Chapter 7 - Dissolution of a Partnership Firm
Ts Grewal 2019 Solutions for Class 12 Chapter 7 Dissolution of a partnership firm are provided here. All questions and Solutions from the Double Entry Book Keeping Ts Grewal 2019 Book of Class 12 Accountancy Chapter 7 Dissolution of a partnership firm are provided here for you for free. You can just download the PDF file by just clicking on the download button given below.
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Land and Building (book value) â‚¹ 1,60,000 sold for â‚¹ 3,00,000 through a broker who charged 2% commission on the deal. Journalise the transaction, at the time of dissolution of the firm.
|In the books of the firm
|On the||Cash/ Bank A/c (3,00,000 – 6,000)||Dr.||2,94,000|
|Date of||To Realisation A/c (3,00,000 – 6,000)||2,94,000|
|Dissolution||(Being amount realized from land and building after providing for 2% commission to the broker)|