Satish was appointed to look after the dissolution work for which he was allowed a remuneration of ₹14,000. He agreed to take over the investment of the book value of ₹11,000 towards payment of his full remuneration. (Investments have already been transferred to Realisation A/c) Journalize.
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → No Entry.
No entry is required to pass in this case as remuneration is settled with investments.