There Was An Old Computer Which Was Written-Off In the Books Of Accounts In the Pervious Year....Journalise the Transaction, Supposing That the Firm Has Been Dissolved ?Solution

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Q.3. There was an old computer which was written-off in the books of Accounts in the pervious year. The same has been taken over by a partner Nitin for Rs 3,000. Journalise the transaction, supposing. That the firm has been dissolved.

SOLUTION

Journal

DateParticularsL.F.
Amount
(Dr.)
Amount
(Cr.)
Nitin’s Capital A/cDr.3,000
   To Realisation A/c3,000
(Being Unrecorded Computer taken over by Nitin)

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