What will we do about the entry (f)
Dear student
As nothing is mentioned that by whom the realisation expenses were being borne by.
So if you assume that the same are born by the partner, himself than No entry will be made but if the partner is paying the same on behalf of the firm then realisation account will be debited and partners account will be credited.
Regards
As nothing is mentioned that by whom the realisation expenses were being borne by.
So if you assume that the same are born by the partner, himself than No entry will be made but if the partner is paying the same on behalf of the firm then realisation account will be debited and partners account will be credited.
Regards