Question
Accountancy Question on Basics of Accounting
Satish was appointed to look after the dissolution work for which he was allowed a remuneration of ₹ 14,000. He agreed to take over the investment of the book value of ₹ 11,000 towards payment of his full remuneration. (Investments have already been transferred to Realisation A/c) Joumalize.
A
No Entry
B
Dr. Realisation A/c ₹14,000; Cr. Bank A/c ₹14,000
C
Dr. Realisation A/c ₹11,000; Cr. Bank A/c ₹11,000
D
Dr. Satish's Capital A/c ₹14,000; Cr. Bank A/c ₹14,000
Answer
No Entry
Explanation
Solution
The correct option is (A) :No Entry.