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
Option 1: 9000
Option 2: 6000
Option 3: 15000
Option 4: none of the above
Answer (1)
12th Jan, 2024
Correct Answer: 6000
Solution : Answer = 6000
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 2.
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