Question

expenses of realisation amounted to a 3ooo
were paid by sirjan-
Prepare realisation A/c Partner capital
A/c and bank A/c​

Answer 1

Answer:

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Explanation:

(i) Realisation A/c                 Dr.               7500

                  To Alok's Capital A/c                            7500

(Being remuneration paid to Alok for realisation expenses)

    (ii) Alok's Capital A/c             Dr.              10000

                   To Bank A/c                                           10000

(Being realisation expenses paid by the firm on behalf of Alok)

(b) Realisation A/c                     Dr.                  5000

                    To Ravinder's Capital A/c                       3000

                    To Bank A/c                                             2000

(Being realisation expenses paid partly by firm and partly by Ravinder)

(c) Realisation A/c         Dr.                     10000

                    To Amit's Capital A/c                             10000

(Being dissolution expenses paid by Amit on behalf of the firm)

Answered By

toppr

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