Please answer this question!!!
Dear student,
here in the question, realisation expenses is borne by partner but paid by the firm. the following entry will be passed under such case-
JOURNAL
so the right option will be (b) partner's capital a/c
Regards!!
here in the question, realisation expenses is borne by partner but paid by the firm. the following entry will be passed under such case-
JOURNAL
Date | particulars | l.f | Debit Rs | credit Rs | |
partner's capital a/c | dr | xxx | |||
to bank/cash a/c | xxx |
so the right option will be (b) partner's capital a/c
Regards!!