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Accountancy · 2022 · 2 marks
Dissolution of Partnership FirmAccounting Treatment on Dissolution of a Partnership Firm2 marksvery short answer
CBSE 2022 · Region 2 · Set 2 · Q1
Pass the necessary journal entry on dissolution of a partnership firm if an unrecorded creditor of ₹ 40,000 was paid by a partner, Amar, at a…
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
Amount Amount
.
F (₹) (₹)
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)
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CBSE Class 12 Accountancy past-paper question from the 2022 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.