Question

If expenses of dissolution rupees 500 where is treatment of name of account and how much​

Answer 1

Answer:

) Realisation A/C..... Dr. 12000

To Dharam's Capital A/C 12000

(Being dissolution expenses borne by Dharam)

(b) (i) Realisation A/C..... Dr. 15000

To Jay's Capital A/C 15000

(Being remuneration allowed to Jay)

(ii) Jay's Capital A/C..... Dr. 16000

To Vijay's Capital A/C 16000

(Being Vijay paid on behalf of Jay)

(c) (i) Realisation A/C..... Dr. 7000

To Deepa's A/C 7000

(Being remuneration allowed to Deepa)

(ii) Deepa's Capital A/C.... Dr. 6000

To Bank A/C 6000

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

(d) (i) Realisation A/C..... Dr. 7500

To Dev's Capital A/C 7500

(Being commission provided to Dev for dissolution)

(ii) Dev's Capital A/C..... Dr. 7500

To Realisation A/C 7500

OR

No Entry

(e) (i) Realisation A/C..... Dr. 10000

To Jeev's Capital A/C 10000

(Being commission allowed to Jeev for dissolution)

(ii) Jeev's Capital A/C..... Dr. 12000

To Cash A/C 12000

(Being dissolution expenses paid by firm on behalf of Jeev)

(f) No Entry is to be passed since debtor pays in full settlement of his account.