Question : A firm is dissolved, and Pritam, a partner is to carry out the dissolution for which he will get Rs. 10,000, including expenses. Realisation Expenses were Rs. 2,500. Realisation Account will be debited by
Option 1: Rs 10,000
Option 2: Rs 12,500
Option 3: Rs 7,500
Option 4: None of these
Correct Answer: Rs 10,000
Solution : Answer = Rs 10,000 The realisation account will be debited by Rs 10,000. When the partner gets a commission and agrees to bear all expenses, the realisation account will be debited only with the amount of remuneration. Hence, the correct option is 1.
Question : A firm is dissolved, and Sunil, a partner, is to carry out the dissolution for which he will get Rs. 70,000, including expenses. Realisation Expenses were Rs. 25,000, which were paid by the firm. Realisation Account will be debited by
Question : A firm is dissolved, and Raman, a partner is to carry out the dissolution for which he will get Rs. 70,000, including expenses. Realisation Expenses were Rs. 25,000, which were paid by the firm. Raman's capital Account will be debited by
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