Anubha was to look after the dissolution process for which she was allowed a remuneration of ₹12,000. She also agreed to bear dissolution expenses. Actual expenses ₹9,500 were paid by the firm. Pass the journal entry for payment of dissolution expenses.

 Anubha's Capital A/c Dr. 9,500
      To Cash /Bank A/c 9,500
(Dissolution expenses paid by the firm and borne by Annubha)

(i) Realisation A/c Dr. 12,000
     To Anubha's Capital A/c 12,000
(Remuneration allowed to Anubha)
(ii) Anubha's Capital A/c Dr. 9,500
     To Cash /Bank A/c 9,500
(Dissolution expenses paid by the firm and borne by Annubha)