pass journal enty : ravi was to get a remuneration of 23000 for completing the dissolution process he also agreed to bear dissolution expenses. realisation expenses of 10000 were paid by ravi from firms cash

Dear Student


 
Journal in the books 
Date Particulars    Debit   Credit 
         
  Realisation A/c Dr.               23,000  
    To Ravi's Capital A/c                   23,000
  (Being Ravi would bear all realisation expenses and complete all formalities)      
         
  Ravi's Capital A/c Dr.               10,000  
    To Bank A/c                   10,000
  (Being Cash taken by ravi for paying realisation expenses, these expenses are to be borne by ravi)      


Regards

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