Thanks rudra BT if a partner is paid remuneration nd firm has paid him 5000 to meet all - Accountancy - Dissolution of Partnership Firm

Question

Thanks rudra BT if a partner is paid remuneration nd firm has paid
him 5000 to meet all expenses then wht entry would be done at that
time ?

Sheetal · Accepted Answer

Dear student

the journal entry-
Realisation A/c Dr 5000
To partner's capital A/c 5000

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Thanks rudra...BT if a partner is paid remuneration nd firm has paid him 5000 to meet all expenses..then wht entry would be done at that time..?