Question : In the Settlement Of Varun's ( partner) loan of Rs 50,00 to the firm, a computer net appearing in the books is taken over by him at an agreed value of Rs 30,000.
Partner capital account will be---------
Option 1: Credited by Rs 50000
Option 2: Debited by Rs 50000
Option 3: Debited by Rs 25000
Option 4: None of the above
Answer (1)
26th Jan, 2024
Correct Answer: None of the above
Solution :
Answer =
None of the above
Reason:
Partner's loan a/c.....Dr 50,000
To Realisation a/c 50,000.
Hence, the correct option is 4.
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