Hi, guys.
I m little bit confused on the dissolution.
What does the mean of following:
1. If a partner agree to complete the dissolution proceedings and he is getting Rs. 10000.
2.If a partner is getting a remuneration of Rs. 14,000 for dissolution of the firm.
3.If a partner look after the dissolution work, for which he is getting Rs. 10000.
In all cases entry will b:
Realization A/c Dr.
To partner's capital A/C
👉Bt the problem in all above cases is that he will bear realization expense or not?
how to calculate single assets for personal and business use please do the needful
Rent + Electricity Bill received by the tenant in cash.
For Example:- 10,000+2,500 = 12,500
What would be the entry in books of account of Owner
1.) Rent received in cash
2.) Electricity bill amount received in cash.
3.) Electricity bill paid by the owner from his bank account .(e-payment)
4.) Amount paid to the BSBE.
5.) How to settle all the related accounts.
Note:- Journal /Receipt/Payment Entry for the above to settle.
*Rent is the part of owner’s indirect income electricity bill is not.
Left with just 3 months. i am really worried now. i need some motivation. I am facing problem in consolidation. i can't leave that as it of 16 marks. Any easy notes to understand it?. Thanks
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DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Dissolution of firm