Practicing Success
At the time of Dissolution , a partner Shilpa agreed to bear the realisation expenses. Firm paid her Rs 5,000, although actual expenses were of Rs 4000. How much amount will be debited to Realisation A/c? |
₹5,000 ₹4,000 ₹1,000 None of these |
₹5,000 |
5,000 were paid by the firm for realisation expenses. The amount that is agreed to pay or paid is considered the amount of realisation expenses not the actual amount. |