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Question -

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



Answer -

Journal

 

Particulars

L.F.

Amount

Amount

Nitin’s Capital A/c

Dr.

3,000

To Realisation A/c

3,000

(Unrecorded computer taken over by Nitin)

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