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

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

Date	Particulars		L.F.	Amount (Dr.)	Amount (Cr.)
	Nitin’s Capital A/c	Dr.		3,000
	To Realisation A/c				3,000
	(Being Unrecorded Computer taken over by Nitin)

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