Question - 07

Journalize the following transactions regarding realization expenses :

  1. Realization expenses amounted to Rs. 2,500.
  2. Realization expenses amounting to Rs. 3,000 were paid by ashok one of the partner.
  3. Realization expenses Rs. 2,300 borne by Tarun personally.
  4. Amit a partner's was appointed to realise the assets at a cost of Rs. 4,000 the actual amount of Realization amounted to Rs. 3,000.
NOTE : Purchase Novbodh book for extra information.