(i) Z, a partner agreed to pay off his wife's loan Rs. 20,000. |
(ii) X, a partner takes over an unrecorded asset (typewriter) at Rs. 300. |
(iii) Undistributed balance (debit) of profit and loss account Rs. 30,000. The firm has three partners X, Y and Z. |
(iv) Y who undertakes to carry out the dissolution proceedings is allowed Rs. 2,000 for the same. |
(v) Partner Y's loan paid off Rs. 10,000. |
(vi) Rs. 10,000 bills payable settled at Rs. 8,000. |
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