Question : Mohit a partner is to carry out dissolution and he gets Rs. 40,000 as remuneration. Realisation Expenses were Rs. 25,000. Realisation Account will be debited with
Option 1: Rs 40,000
Option 2: Rs 65,000
Option 3: Rs 25,000
Option 4: Rs 1,00,000
Correct Answer: Rs 65,000
Solution : Answer = Rs 65,000 Realisation will be debited by Rs 65,000. Realisation a/c......Dr 65,000 To Mohit's capital a/c 65,000(40,000+25,000) Hence, the correct option is 2.
Question : Aman, a partner is to carry out dissolution and he gets Rs.50,000 as remuneration. Realisation Expenses were Rs.25,000. Realisatoin Account will be debited with -
Option 1: Rs.50,000
Option 2: Rs.25,000
Option 3: Rs.1,00,000
Option 4: Rs.75,000
Question : A firm is dissolved, and Sunil, a partner, is to carry out the dissolution for which he will get Rs. 70,000, including expenses. Realisation Expenses were Rs. 25,000, which were paid by the firm. Realisation Account will be debited by
Option 1: Rs 95,000
Option 2: Rs 25,000
Option 3: Rs 70,000
Option 4: None of these
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
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