Practicing Success
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- |