Land and Building book value Rs 1 60 000 sold for Rs 3 00 000 through a broker who charged 2 commiss...........

Land and Building (book value) Rs. 1,60,000 sold for Rs. 3,00,000 through a broker who charged 2% commission on the deal. Journalise the transaction, at the time of dissolution of the firm.

This questions was previously asked in

Download Model Answer