Pass Journal entries in the following cases? (a) Expenses of realisation Rs. 1,500. (b) Expenses of realisation Rs. 600 but paid by Mohan, a partner. (c) Mohan, one of the partners of the firm, was asked to look into the dissolution of the firm for which he was allowed a commission of Rs. 2,000. (d) Motor car of book value Rs. 50,000 taken over by Creditors of the book value of Rs. 40,000 in full settlement.


Leave a Reply