✓ Board-verified
Accountancy · 2022 · 2 marks
Dissolution of Partnership FirmAccounting Treatment on Dissolution of a Partnership Firm2 marksvery short answer
CBSE 2022 · Region 2 · Set 1 · Q2
Pass the necessary journal entry on dissolution of a partnership firm if an unrecorded creditor of ₹ $\displaystyle 40,000$ was paid by a partner, Amar, at a discount of $\displaystyle 10$%.
Marking-scheme solution
Journal
Debit Credit
Date Particulars L.F
Amount Amount
(₹) (₹)
Realization A/c Dr. $\displaystyle 36,000$
To Amar’s Capital A/c $\displaystyle 36,000$
(Unrecorded creditor paid by
Partner Amar at $\displaystyle 10$% discount)
.
More from Dissolution of Partnership Firm
- Pass necessary Journal Entries for the following transactions, on the dissolution of a partnership firm of…2023
- Distinguish between 'Dissolution of Partnership' and 'Dissolution of Partnership Firm' on the basis of: (i)…2022
- Pass necessary journal entries for the following transactions on the dissolution of the partnership firm of…2025
- Pass the necessary journal entries for the following transactions on the dissolution of the firm of Abhay and…2024
- Rishi, Manu and Komal were partners in a firm sharing profits and losses in the ratio of 3: 4: 5. On 31st…2025
- Pass the necessary journal entries for the following transactions on the dissolution of the partnership firm…2025
- Total assets of a partnership firm, which was dissolved were ₹ 30,00,000 and its total liabilities were ₹…2023
- Pass necessary journal entries for the following transactions on the dissolution of a firm after various…2023
CBSE Class 12 Accountancy past-paper question from the 2022board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.