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Pass Journal entries for the following:(a) Realisation expenses of ₹ 15,000 were to be met by Rahul, a partner, but were paid by the firm. (b) Ramesh, a partner, was paid remuneration of ₹ 25,000 and he was to meet all expenses.(c) Anuj, a partner, was paid remuneration of ₹ 20,000 and he was to meet all expenses. Firm paid an expense of ₹ 5,000. |
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Answer» Pass Journal entries for the following: (a) Realisation expenses of ₹ 15,000 were to be met by Rahul, a partner, but were paid by the firm. (b) Ramesh, a partner, was paid remuneration of ₹ 25,000 and he was to meet all expenses. (c) Anuj, a partner, was paid remuneration of ₹ 20,000 and he was to meet all expenses. Firm paid an expense of ₹ 5,000. |
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