CUET Preparation Today
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. |
No Entry Dr. Realisation A/c ₹14,000; Cr. Bank A/c ₹14,000 Dr. Realisation A/c ₹11,000; Cr. Bank A/c ₹11,000 Dr. Satish's Capital. A/c ₹14,000; Cr. Bank A/c ₹14,000 |
No Entry |
The correct answer is Option (1) → No Entry. No entry is required to pass in this case as remuneration is settled with investments. |
