Practicing Success
Vibha was appointed to look after the dissolution process of partnership firm for which she was given a remuneration of ₹12,000. What will be the journal entry for recording this? |
Realisation A/c Dr. ₹12,000 Realisation A/c Dr. ₹12,000 Realisation A/c Dr. ₹12,000 No entry passed |
Realisation A/c Dr. ₹12,000 |
The journal entry for agreed remuneration to such partner who agrees to undertake the dissolution work- So, here Vibha look after the dissolution process of partnership firm for which she was given a remuneration of ₹12,000. So, journal entry for this- |