Complete the sentence: Dissolution expenses are credited to _____ account.
Q.1 (D) (3) Complete the sentence: Dissolution expenses are credited to _____ account.
Q.1 (D) (3) Complete the sentence: Dissolution expenses are credited to _____ account.
Best answer
Answer: Cash / Bank
Entry for dissolution expenses paid by the firm: Realisation A/c Dr. To Cash/Bank A/c. Realisation Account is debited and Cash/Bank Account is credited.
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