Question

Ganesh, a partner, is paid remuneration of Rs.20000 for dissolution work. Realisation

expenses amounted to Rs 5000 were paid by him. Pass necessary journal entry.​

Answer 1

Answer:

Journal. Entry

Realisation a/c. Dr. 25000

To Ganesh's capital a/c. 25000

Explanation:

as it is not mention that Ganesh has to bear Realisation expense So that it's the liability of firm to pay Realisation expense but paid by Ganesh . Entry for both transactions are same so we add the amount