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.
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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
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