Question : Mohan, one of the partners was to receive 2% of the value of net assets realized as remuneration for completing the dissolution work and was to bear realization expenses . realization expenses Rs 2,500 paid by mohan . The assets ( excluding cash at bank Rs 7,500) were realized were realized for Rs 3,75,000 and cash paid to outsiders liabilities amounted to Rs 1,00,000. Realization account for remuneration to Mohan is to be debited with

Option 1: Rs 5,650

Option 2: Rs 7,500

Option 3: Rs 5,500

Option 4: Rs 6,500

Question : Anil, a partner, is paid a remuneration of Rs.20,000 for dissolution work. Realisation expenses amounted to Rs.7,500 and were paid by the firm. The realization account will be debited by

Option 1: Rs 27,500

Option 2: Rs 20,000

Option 3: Rs 7,500

Option 4: None of the above

Question : Anil, a partner, is paid a remuneration of Rs.20,000 for dissolution work. Realisation expenses amounted to Rs.7,500 and were paid by the firm. The realization account will be debited by

Option 1: Rs 27,500

Option 2: Rs 20,000

Option 3: Rs 7,500

Option 4: None of the above

Question : At the time of the dissolution of the firm, the firm's total assets were Rs 10,00,000. Creditors were Rs 2,00,000. Realization Expenses amounted to rs 20,000. Assets realized 20% more than the book value and creditors were paid 5% less. Gain/loss on realization will be.

Option 1: Gain Rs 1,90,000

Option 2: Loss Rs 1,80,000

Option 3: Gain Rs 9,60,000

Option 4: Loss Rs 2,00,000

Question : At the time of the dissolution of the firm, the firm's total assets were Rs 10,00,000. Creditors were Rs 2,00,000. Realization Expenses amounted to rs 20,000. Assets realized 20% more than the book value and creditors were paid 5% less. Gain/loss on realization will be.

Option 1: Gain Rs 1,90,000

Option 2: Loss Rs 1,80,000

Option 3: Gain Rs 9,60,000

Option 4: Loss Rs 2,00,000