Identify the entries which are correct: (A) For remuneration of partner - Debit Realisation A/c and Credit Partner’s Capital A/c (B) For sale of assets - Debit Realisation A/c and Credit Bank A/c (C) For settlement of unrecorded liability - Debit Realisation A/c and Credit Bank A/c (D) For transfer of general reserve - Debit General Reserve A/c and Credit Partners’ Capital A/c Choose the correct answer from the options given below: |
(A), (B), (C) and (D) (A), (B) and (C) only (B), (C) and (D) only (A), (C) and (D) only |
(A), (C) and (D) only |
The correct answer is Option (4) → (A), (C) and (D) only |