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easyMCQCUET Accountancy 2023 29 May Shift 22026Accountancy
1 mark

Based on the passage given for Meena and Tina, answer the question:State the correct Journal entry for the payment of realization expenses of .

  1. A
    Realisation Expenses A/c Dr. To Realisation A/c
  2. B
    Realisation A/c Dr. To Realisation Expenses A/c
  3. C
    Realisation A/c Dr. To Bank A/c
  4. D
    Bank A/c Dr. To Realisation A/c

Solution & Step-by-step Explanation

During dissolution, nominal expenses accounts are not opened separately. Any expense incurred during liquidation is debited directly to the Realisation Account and paid via Bank/Cash.Journal Entry:

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Based on the passage given for Meena and Tina, answer the question:State the correct Journal entry for the payment of realization expenses of .
A
Realisation Expenses A/c Dr. To Realisation A/c
B
Realisation A/c Dr. To Realisation Expenses A/c
C
Realisation A/c Dr. To Bank A/c
D
Bank A/c Dr. To Realisation A/c

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