— Kishore V, SME and ACW at Edumarz
Dr.
Cash/Bank, fake assets, the debit balance of P& L A/c, partner Capital A/c, Current A/c, and Loan to Partner are among the many assets.
Bank/Cash (Payment for realisation expenses)
Bank/Cash (Payment to outside and unrecorded liabilities)
Capital Account of a Partner (If any liability taken on expenses paid by him or remuneration payable to him) A/c for Partner Capital