Question

A, a partner, was appointed to look after the process of dissolution for which he was allowed a remuneration
of Rs. 7,000. A agreed to bear the dissolution expenses. Actual dissolution expenses Rs. 4000 were paid by A.
Which will be the correct Journal Entry?
O a. Realisation A/c....Dr. 7,000
To A/s Capital a/c
7,000
O b. Realisation A/c...... Dr. 4,000
To A's Capital a/c
4,000
O c. A's Capital A/c...Dr.7,000
To Realisation A/C
7,000
O d. A's Capital A/c.... Dr. 3,000
To Realisation a/c
3,000

Answer 1

Answer:

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