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Question : A firm is dissolved, and Medhansh, a partner is to carry out dissolution. Rs. 25000 is fixed as his remuneration. Realisation Expenses were Rs. 25,000, which were paid by Medhansh. Medhansh's Capital Account will be credited by

Option 1: Rs 50,000

Option 2: Rs 75,000

Option 3: Rs 25,000

Option 4: Rs 1,00,000


Team Careers360 3rd Jan, 2024
Answer (1)
Team Careers360 19th Jan, 2024

Correct Answer: Rs 50,000


Solution : Answer = Rs 50,000.

Medansh capital account will be credited by Rs 50,000 Because when the partner gets remuneration and he pays realisation expenses on behalf of the firm his capital will increase by Rs 50,000.
Hence, the correct option is 1.

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