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Mohan and Kanwar are partners in a firm. Their firm was dissolved on 1.1.2024. Mohan was assigned the work of dissolution. - Accounts

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प्रश्न

Mohan and Kanwar are partners in a firm. Their firm was dissolved on 1.1.2024. Mohan was assigned the work of dissolution. For this work Mohan was to be paid ₹ 500. Mohan paid dissolution expenses of ₹ 400 from his own pocket. Will any Journal Entry be passed for ₹ 400 paid by Mohan? If yes, pass the entry. If no, give reason.

रोजनामा प्रविष्टि
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उत्तर

Date Particulars L.F. Dr. (₹) Cr. (₹)
(i) Realisation A/c      ...Dr.   400 -
     To Mohan’s Capital A/c   - 400
(Being Dissolution expenses paid by Mohan on firm’s behalf)      
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  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 5: Dissolution of Partnership Firm - SHORT ANSWER QUESTIONS [पृष्ठ ५.७८]

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डी. के. गोएल Accountancy Volume 1 and 2 [English] Class 12 ISC
अध्याय 5 Dissolution of Partnership Firm
SHORT ANSWER QUESTIONS | Q 30. | पृष्ठ ५.७८
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