Question

B paid realisations expenses 30000 for which he was reimbursed 5000 less?

Answer 1

Explanation:

(a) Rahul's Capital Dr. 15000

To Bank A/C 15000

(Being expenses borne by firm on behalf of Rahul)

(b) Realisation

To Ramesh's Capital A/C 25000

(Being the remuneration paid to Ramesh for bearing realisation expenses)

(c) Dr. 2000

To Anuj's Capital A/C 2000

(Being the fixed amount of remuneration provided to Anuj to bear realisation expenses)

Answer verified by Toppr

Answer 2

Answer:

realisation a/c dr....30000

to expence a/c. 5000

to bank a/c. 25000

Explanation:

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