Question : Sunil, a partner, is paid a remuneration of Rs.25,000 for dissolution work. Realisation expenses amounted to Rs. 9,000 were paid by him. The realization account will be debited by
Option 1: Rs 25,000
Option 2: Rs 9,000
Option 3: Rs 34,000
Option 4: Rs 16,000

Question

Question : Sunil, a partner, is paid a remuneration of Rs.25,000 for dissolution work. Realisation expenses amounted to Rs. 9,000 were paid by him. The realization account will be debited by

Option 1: Rs 25,000

Option 2: Rs 9,000

Option 3: Rs 34,000

Option 4: Rs 16,000

Team Careers360 · Accepted Answer

Correct Answer: Rs 34,000

Solution : Answer = Rs 34,000

Realisation a/c Dr 25,000
To Sunil's capital a/c 25,000
(Remuneration)

When expenses are paid by the partner
Realisation a/c Dr 9,000
To Sunil's capital a/c 9,000
(OR)
Realisation a/c Dr 34,000
To Sunil's capital a/c 34,000
Hence, the correct option is 3.

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Question : Sunil, a partner, is paid a remuneration of Rs.25,000 for dissolution work. Realisation expenses amounted to Rs. 9,000 were paid by him. The realization account will be debited byOption 1: Rs 25,000Option 2: Rs 9,000Option 3: Rs 34,000Option 4: Rs 16,000

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Question : Sunil, a partner, is paid a remuneration of Rs.25,000 for dissolution work. Realisation expenses amounted to Rs. 9,000 were paid by him. The realization account will be debited by
Option 1: Rs 25,000
Option 2: Rs 9,000
Option 3: Rs 34,000
Option 4: Rs 16,000