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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


Team Careers360 23rd Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

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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