Realisation expenses paid by the firm in cash are debited to Realisation A/c and credited to Bank A/c. The entry is: Realisation A/c Dr. Rs. 2,000 To Bank A/c Rs. 2,000.
State Journal entry for payment of realisation expenses.
Held on 29 May 2023 · Verified 13 Jul 2026.
Realisation Expenses A/c Dr. Rs. 2,000 To Realisation A/c Rs. 2,000
Realisation A/c Dr. Rs. 2,000 To Realisation Expenses A/c Rs. 2,000
Realisation A/c Dr. Rs. 2,000 To Bank A/c Rs. 2,000
Bank A/c Dr. Rs. 2,000 To Realisation A/c Rs. 2,000
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An unrecorded asset is taken over by a creditor in full settlement in such a case
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