Dev, a partner is paid a remuneration of Rs 15,000 for dissolution of the firm Realisation expenses of - Accountancy - Dissolution of Partnership Firm

Question

Dev, a partner is paid a remuneration of Rs 15,000 for dissolution
of the firm Realisation expenses of Rs 8000 was paired by the firm
Pass journal entry and explain Urgently please tomorrow is exam!

Sheetal · Accepted Answer

Dear student
The statement says that the Realisation expenses Rs 8000 were to be
borne by Dev for which he is getting a remuneration of RS 15000 The
realisation expenses may be more or less than the amount of
remuneration
Journal entry:-
<img alt="" src=
"https://s3mn%20mnimgs%20com/img/shared/content_ck_images/ck_5e5fbe8b89670%20jpg"
style="width: 1023px; height: 739px;">

I hope it helps you If you still have any doubt please get back to
us
Regards

Dev, a partner is paid a remuneration of Rs. 15,000 for dissolution of the firm. Realisation expenses of Rs. 8000 was paired by the firm. Pass journal entry and explain. Urgently please tomorrow is exam!