Question

Qs.22 Pass journal entries for the following transactions:
(0) Realisation expenses amounted to Rs. 8,000 were paid by partner X.
(ii) Realisation expenses amounted to Rs. 15,000 were paid by the firm. Mr. X, one of
the partner has to bear these expense.
I
(iii)Dissolution expenses amounted to Rs. 20,000. Rs. 8,000 were to be borne by the firm and
the balance by Maruti, a partner. The expenses were paid by Maruti
.
a firm sharing profits and losses in the ratio of 7:5
ore in​

Answer 1

Answer:

1. realisation account..... Dr 8000

to X's capital account 8000

2. X's capital account.... Dr 15,000

to realisation account 15,000

realisation account..... Dr 15,000

to cash account 15,000

apart from both this you may :-

X's capital account..... Dr 15,000

to cash account 15,000

3. realisation account...... Dr 8000

to maruti's capital account 8,000