CBSE BOARD XII, asked by Ammmmmu, 8 months ago

If expenses are borne by partner ABut paid by partner B accounting journal account journal entry

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Answered by nituverma7277
2

Explanation:

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Answered by Anonymous
20

Answer:

EXPENSES PAID BY THE PARTNER TOWARDS REALISATION WILL BE DEBITED TO REALISATION A/C AND CREDITED TO PARTNER'S CAPITAL A/C.

Debit realization account and credit respective partner's capital account with the expense amount.

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