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Anubha looked after the dissolution work for a remuneration of and agreed to bear dissolution expenses up to . Actual expenses paid by her were . What is the correct journal entry to record the remuneration payable to Anubha?(A) Realisation A/c is debited by (B) Anubha's Capital A/c is credited by (C) Realisation A/c is debited by (D) Anubha's Capital is credited by Choose the correct answer from the options given below:

  1. A
    (A) and (B) only
  2. B
    (B) and (D) only
  3. C
    (A), (B), (C) and (D)
  4. D
    (C) and (D) only

Solution & Step-by-step Explanation

The firm agreed to pay a fixed remuneration of to Anubha for handling the dissolution work. Since she agreed to bear all actual expenses herself, any expenses she paid are her personal responsibility and do not affect the firm's books. The firm only records the agreed remuneration entry:


Therefore, only statements (A) and (B) are correct.

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Try it yourself before checking the explanation above.

Anubha looked after the dissolution work for a remuneration of and agreed to bear dissolution expenses up to . Actual expenses paid by her were . What is the correct journal entry to record the remuneration payable to Anubha?(A) Realisation A/c is debited by (B) Anubha's Capital A/c is credited by (C) Realisation A/c is debited by (D) Anubha's Capital is credited by Choose the correct answer from the options given below:
A
(A) and (B) only
B
(B) and (D) only
C
(A), (B), (C) and (D)
D
(C) and (D) only

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