Realisation expenses were ₹ 10,000 and paid by the firm on behalf of Alok, a partner, with whom it was agreed at ₹ 7,500.
Pass Journal entries for the following:
(a) Realisation expenses were ₹ 10,000 and paid by the firm on behalf of Alok, a partner, with whom it was agreed at ₹ 7,500.
(b) Realisation expenses were ₹ 5,000. it was agreed that the firm will bear ₹ 2,000 and balance by Ravinder, a partner.
(c) Dissolution expenses of ₹ 10,000 were paid by Amit, a partner, on behalf of the firm.
Anurag Pathak Changed status to publish July 27, 2023