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Paying off the Debts (Dissolution)

When we pay r...

Question

When we pay realisation expenses, we debit the account and credit the account.

A

bank

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B

capital

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C

realisation

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D

liability

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Solution

The correct options are
A bank
C realisation
When realisation expenses is paid, the journal entry is-
Realisation A/c Dr.
To Bank A/c.

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Paying off the Debts (Dissolution)

Standard XII Accountancy

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