At the time of dissolution of the partnership firm, there was an outstanding bill for repairs which is not recorded in the books and it had to be paid for ₹2,000. What will be the journal entry for this? |
Realisation A/c Dr. ₹2000 Realisation A/c Dr. ₹2000 No entry passed Realisation A/c Dr. ₹2000 |
Realisation A/c Dr. ₹2000 |
For settlement of any unrecorded liability- |