Solved

In a Partnership the Double Entry to Record Realisation Expenses

Question 13

Multiple Choice

In a partnership the double entry to record realisation expenses paid is as follows:


A) Dr. Bank account Cr. Realisation account
B) Dr. Partners capital accounts in their profit sharing ratio Cr. Realisation account
C) Dr. Realisation account Cr. Accruals
D) Dr. Realisation account Cr. Bank account

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions