pass journal enty : ravi was to get a remuneration of 23000 for completing the dissolution process he also agreed - Accountancy - Dissolution of Partnership Firm

Question

pass journal enty : ravi was to get a remuneration of 23000 for
completing the dissolution process he also agreed to bear
dissolution expenses realisation expenses of 10000 were paid by
ravi from firms cash

Neha Chopra · Accepted Answer

Dear Student

Journal in the books

Date
Particulars

Debit
Credit

Realisation A/c
Dr
23,000

To Ravi's Capital A/c

23,000

(Being Ravi would bear all realisation
expenses and complete all formalities)

Ravi's Capital A/c
Dr
10,000

To Bank A/c

10,000

(Being Cash taken by ravi for paying
realisation expenses, these expenses are to be borne by ravi)

Regards

Journal in the books
Date	Particulars		Debit	Credit

	Realisation A/c	Dr.	23,000
	To Ravi's Capital A/c			23,000
	(Being Ravi would bear all realisation expenses and complete all formalities)

	Ravi's Capital A/c	Dr.	10,000
	To Bank A/c			10,000
	(Being Cash taken by ravi for paying realisation expenses, these expenses are to be borne by ravi)

pass journal enty : ravi was to get a remuneration of 23000 for completing the dissolution process he also agreed to bear dissolution expenses. realisation expenses of 10000 were paid by ravi from firms cash