On dissolution, what entry is passed if a partner under takes to make payment of a liability of the firm? Post category:Accountancy Reading time:1 mins read SOLUTION Realisation A/c Dr. To Partner’s Capital A/c Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostOn dissolution of a partnership firm, where is profit or loss on realization transferred? Next PostOn dissolution of firm, what entry is passed for payment of an unrecorded liability? You Might Also Like Calculate Total Assets to Debt Ratio from the following information: August 12, 2022 At which value the assets against which provisions exist are transferred to Realisation Account? September 27, 2022 Vishesh Ltd. forfeited 1,000 Equity Shares of Rs. 10 each issued at a premium of Rs. 2 per share for non-payment of allotment money of Rs. 5 per share including premium. The final call of Rs. 2 per share was not yet called on these shares Of the forfeited shares 800 shares were reissued at Rs. 12 per share as fully paid-up. The remaining shares were reissued at Rs. 11 per share fully paid-up. July 15, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
At which value the assets against which provisions exist are transferred to Realisation Account? September 27, 2022
Vishesh Ltd. forfeited 1,000 Equity Shares of Rs. 10 each issued at a premium of Rs. 2 per share for non-payment of allotment money of Rs. 5 per share including premium. The final call of Rs. 2 per share was not yet called on these shares Of the forfeited shares 800 shares were reissued at Rs. 12 per share as fully paid-up. The remaining shares were reissued at Rs. 11 per share fully paid-up. July 15, 2022