Question

journalist the following transactions regarding realisation expenses:
i) realisation expenses amounted to RS. 2500
ii) realisation expenses amounting to RS. 3000 where paid by Muhammed, one of the partners
iii) realisation expenses RS . 2300 borne by shameer , personally​

Answer 1

i) Realization Account Debit      2500

  Bank Account Credit               2500

ii) Realization Account Debit      3000

   Muhammed Account Credit    3000

iii) Realization Account Debit      2300

     Shameer  Account Credit       2300

Explanation

i) Being realization Exp paid by the firm

ii) Being relization exp paid by a partner Muhammad

iii)  Being relization exp paid by a partner Shameer personaly