Question : Sudhir, a partner, was allowed a remuneration of Rs. 10,000 to carry out dissolution of the firm. He was to bear all expenses of realisation which amounted to Rs. 16,000 were paid by the firm. In this case partner's capital account will be debited by ------------
Option 1: Rs 10,000
Option 2: Rs 16,000
Option 3: Rs 6,000
Option 4: Rs 26,000
Correct Answer: Rs 6,000
Solution :
Answer =
6,000
When the partner got a remuneration of Rs 10,000 and agreed to bear all expenses of realisation but paid by the firm.
Realisation a/c.....Dr 10,000
To Sudhir's capital a/c 10,000
Sudhir's capital a/c...Dr 16,000
To Bank a/c 16,000
Finally, the partner's capital a/c will be debited by Rs 6,000.
Hence, the correct option is 3.
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