Question : Realization expenses amounted to Rs.8,000 and were paid by partner X. In this case, the account will be credited :
Option 1: Realisation a/c
Option 2: Bank account
Option 3: X's capital account
Option 4: None of the above.

Question

Question : Realization expenses amounted to Rs.8,000 and were paid by partner X. In this case, the account will be credited :

Option 1: Realisation a/c

Option 2: Bank account

Option 3: X's capital account

Option 4: None of the above.

Team Careers360 · Accepted Answer

Correct Answer: X's capital account

Solution : Answer = X's capital account

When realisation expenses were paid by any partner

Realisation a/c......Dr 8,000
To Partner's capital a/c...8,000
Hence, the correct option is 3.

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Question : Realization expenses amounted to Rs.8,000 and were paid by partner X. In this case, the account will be credited :Option 1: Realisation a/cOption 2: Bank accountOption 3: X's capital accountOption 4: None of the above.

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Question : Realization expenses amounted to Rs.8,000 and were paid by partner X. In this case, the account will be credited :
Option 1: Realisation a/c
Option 2: Bank account
Option 3: X's capital account
Option 4: None of the above.