Pass necessary journal entries for the following transactions on dissolution of the firm of Sachin, Virat, and Rohit after various assets (other than cash) and third-party liabilities have been transferred to Realisation Account:
(i) Sachin took over stock of book value of ₹ 80,000 at a discount of 10%.
(ii) Virat agreed to take over the firm's creditors of the book value of ₹ 70,000 at a valuation of ₹ 65,000.
(iii) Rohit took over his wife's loan of ₹ 3,00,000.
(iv) There was an old typewriter which had been written off completely from the books. It realised ₹ 10,000.
(v) Land and Building of the book value of ₹ 50,00,000 was sold for ₹ 70,00,000 through a broker who charged 5% commission on the deal.
(vi) Loss on realisation ₹ 30,000 was to be distributed between Sachin, Virat, and Rohit equally.
The process of copying the genetic information from one strand of DNA into RNA is termed as transcription. The principle of complementarity of bases governs the process of transcription, also except that uracil comes in place of thymine. Study the complete transcription unit given below and answer the following questions:
Identify coding strand and template strand of DNA in the transcription unit.
The process of copying the genetic information from one strand of DNA into RNA is termed as transcription. The principle of complementarity of bases governs the process of transcription, also except that uracil comes in place of thymine. Study the complete transcription unit given below and answer the following questions:
Name the main enzyme involved in the process of transcription.
Simar, Tanvi and Umara were partners in a firm sharing profits and losses in the ratio of 5:6:9. On 31st March, 2024 their Balance Sheet was as follows:
Umara died on 30th June, 2024. The partnership deed provided for the following on the death of a partner: