Question : Dissolution expenses amounting to Rs 6000 were to be borne by partner X and the balance by the firm. Dissolution expenses amounted to Rs 15,000 and the entire amount was paid by the firm. Bank account will be credited by Rs.............
Option 1: 9000
Option 2: 6000
Option 3: 15000
Option 4: none of the above
Correct Answer: 15000
Solution : Answer = 15000
Total realisation expenses are Rs 15000 But the firm had to pay Rs 9000 and Rs 6000 were to be born by partner (X)
Partner's capital a/c......Dr 6000 Realisation a/c......Dr 9000 To Bank a/c 15000. Hence, the correct option is 3.
Question : Dissolution expenses amounting to Rs 6000 were to be borne by partner X and the balance by the firm. Dissolution expenses amounted to Rs 15,000 and the entire amount was paid by the firm. X's capital account will be debited by
Question : Dissolution expenses amounting to Rs 6000 were to be borne by partners X and the balance by the firm. Dissolution expenses amounted to Rs 15,000 and the entire amount was paid by firm. Realization account will be debited by
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