Question

Dissolution expenses amounting to ₹ 6,000 were to be borne by partner X and the balance by the firm. Dissolution expenses amounted to ₹ 15,000 and the entire amount was paid by firm. Pass journal entry.

Answer 1

Journal entry
Date	Particulars	L.F.	Dr. (₹)	Cr. (₹)
	Realisation A/c   ...Dr.		9,000	-
	X’s Capital A/c    ...Dr.		6,000	-
	To Bank A/c		-	15,000
	(Being Dissolution expenses paid by the firm and X’s share debited to his A/c)