CUET Accountancy 2023 11 June Shift 3 PYQs

Identify that will lead to dissolution of partnership

State Journal entry for realisation of investment.

At the time of dissolution of a firm, the Bank Loan was Rs. 60,000 which was paid by Bhuvan (a partner) along with one-year interest at 6 %, which journal entry will be passed in the books of the firm :-