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


Team Careers360 11th Jan, 2024
Answer (1)
Team Careers360 13th Jan, 2024

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.

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