Realisation expenses of ₹ 10,000 were to be borne by Mohan, a partner, but were paid by the firm.
Pass Journal entries for the following:
(a) Realisation expenses of ₹ 10,000 were to be borne by Mohan, a partner, but were paid by the firm.
(b) Mahesh, a partner, was paid remuneration of ₹ 25,000 and he was to meet all expenses.
(c) Suresh, a partner, was paid remuneration of ₹ 20,000 and he was to meet all expenses. Firm paid an expense of ₹ 5,000.
Anurag Pathak Changed status to publish July 27, 2023