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?

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My question is that whether the accounting treatment adopted by the organization is correct or should the organization charge this expenditure to 'Repairs & Maintenance'?

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What will be the entry for
Out of share surrendered, 1000shares of 10 each shall be converted into 12% pref. Shares of 10 each fully paid up
In case of reconstruction

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