Question

Realisation expense amounted to 2500​

Answer 1

Answer:

Journalise the following transactions regarding realisation expenses :

{a} Realisation expenses amounted to Rs.2,500.

{b} Realisation expenses amounting to Rs.3,000 were paid by Ashok, one of the partners.

{c} Realisation expenses Rs.2,300 borne by Tarun, personally.

{d} Amit, a partner was appointed to realise the assets, at a cost of Rs.4,000. The actual amount of realisation amounted to Rs.3,000.

Explanation:

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