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…
CUET UG 2025 — Accountancy Partnership
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 :-
Held on 3 Jun 2025 · Verified 13 Jul 2026.
Options
- A
Realisation A/c Dr. 63,600
To Bhuvan's Capital A/c 63,600 - B
Bank Loan A/c Dr. 63,600
To Bank A/c 63,600 - C
Realisation A/c Dr. 60,000
To Bhuvan's Capital A/c 60,000 - D
Realisation A/c Dr. 60,000
Interest on Bank Loan A/c Dr. 3,600
To Bhuvan's Capital A/c 63,600
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