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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


Team Careers360 25th Jan, 2024
Answer (1)
Team Careers360 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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