Pass the necessary Journal entries on the dissolution of a firm in the following cases :
Channel: Doubtnut
Date: 2020-03-29

Pass the necessary Journal entries on the dissolution of a firm in the following cases : (a) Dharam , a partner was appointed to look after the process of dissolution at a remuneration of ? 12,000 and he had to bear the dissolution expenses . Dissolution expenses ? 11,000 were paid by Dharam . (b) Jay , a partner , was appointed to look after the process of dissolution and was allowed a remuneration of ? 15,000 . Jay agreed to bear dissolution expenses . Actual dissolution expenses ? 16,000 were paid by Vijay , another partner on behalf of Jay. (c) Deepa , a partner was to look after the process of dissolution and for this work she was allowed a remuneration of ? 7,000 . Deepa agreed to bear dissolution expenses . Actual dissolution expenses ? 6,000 were paid from the firm\'s bank account . (d) Dev , a partner agreed to do the work of dissolution for ? 7,500 . He took away stock of the same amount as his commission . The stock had already been transferred to Realisation Account . (e) Jeev , a partner , agreed to do the work of dissolution for which he was allowed a commission of ? 10,000 . He agreed to bear the dissolution expenses . Actual dissolution expenses paid by Jeev were ? 12, 000 . These expenses were paid by Jeev by drawing cash from the firm . (f) A debtor of ? 8,000 already transferred to Realisation Account agreed to pay the realisation expenses of ? 7,800 in full settlement of his account .