Based on the passage given for Meena and Tina, answer the question:State the correct Journal entry for the payment of realization expenses of .
- ARealisation Expenses A/c Dr. To Realisation A/c
- BRealisation A/c Dr. To Realisation Expenses A/c
- CRealisation A/c Dr. To Bank A/c
- DBank 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: