Why expenses of realization amounting to 3000 not entered???
Dear student
Read the first point carefully, it is mentioned that srijan is appointed for realising the assets and for discharging the liability. For this he will be entitled 5% commission but he will have to bear all the realisation expenses by himself.
Rhus, firm is only liable to pay the commission and not the realisation expenses.
I hope it helps you. If you still have any doubt please get back to us.
Regards
Read the first point carefully, it is mentioned that srijan is appointed for realising the assets and for discharging the liability. For this he will be entitled 5% commission but he will have to bear all the realisation expenses by himself.
Rhus, firm is only liable to pay the commission and not the realisation expenses.
I hope it helps you. If you still have any doubt please get back to us.
Regards