Question:
Satish was appointed to look after the dissolution work for which he was allowed a remuneration of ₹ 14,000. He agreed to take over the investment of the book value of ₹ 11,000 towards payment of his full remuneration. (Investments have already been transferred to Realisation A/c) Joumalize.
Satish was appointed to look after the dissolution work for which he was allowed a remuneration of ₹ 14,000. He agreed to take over the investment of the book value of ₹ 11,000 towards payment of his full remuneration. (Investments have already been transferred to Realisation A/c) Joumalize.
Updated On: Feb 26, 2025
- No Entry
- Dr. Realisation A/c ₹14,000; Cr. Bank A/c ₹14,000
- Dr. Realisation A/c ₹11,000; Cr. Bank A/c ₹11,000
- Dr. Satish's Capital A/c ₹14,000; Cr. Bank A/c ₹14,000
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The Correct Option is A
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The correct option is (A) :No Entry.
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