Question : On dissolution of a firm, a partner took over the investments of Rs 15,000 at Rs 19,000. By how much amount the Realisation Account will be credited?

Option 1: 4,000

Option 2: 19,000

Option 3: Nil

Option 4: 23,000

Question : On dissolution of a firm, a partner took over the investments of Rs 15,000 at Rs 19,000. By how much amount the Realisation Account will be credited?

Option 1: 4,000

Option 2: 19,000

Option 3: Nil

Option 4: 23,000

Question : On dissolution of a firm, a partner took over Rs.34,000 investments for Rs.28,000. Which one of the following accounts will be debited/credited with how much amount?

Option 1: Partner's Capital Account Debit with 28,000

Option 2: Partner's Capital Account Credit with 34,000

Option 3: Realisation Account Credit with 34,000

Option 4: Realisation Account debited with 34,000

Question : On dissolution of a firm, a partner took over Rs.34,000 investments for Rs.28,000. Which one of the following accounts will be debited/credited with how much amount?

Option 1: Partner's Capital Account Debit with 28,000

Option 2: Partner's Capital Account Credit with 34,000

Option 3: Realisation Account Credit with 34,000

Option 4: Realisation Account debited with 34,000

Question : On dissolution of a firm, an unrecorded asset of Rs. 10,000 was taken by a partner for Rs. 8600 against payment. Which Account will be credited and by how much amount?

Option 1: Cash Account by Rs. 8600

Option 2: Realisation Account by Rs. 700

Option 3: Partner's Capital Account by Rs. 8600

Option 4: Realisation Account by Rs. 8600

Question : On dissolution of a firm, an unrecorded asset of Rs. 10,000 was taken by a partner for Rs. 8600 against payment. Which Account will be credited and by how much amount?

Option 1: Cash Account by Rs. 8600

Option 2: Realisation Account by Rs. 700

Option 3: Partner's Capital Account by Rs. 8600

Option 4: Realisation Account by Rs. 8600