Question : On the basis of the following data, how much final payment will be made to a partner on firm dissolution -

Credit balance of capital account of the partner was Rs.50,000. Share of loss on realisation amounted to Rs.10,000 Firm’s liability taken over by him was for Rs.8,000.

Option 1: Rs.48,000

Option 2: Rs.1,32,000

Option 3: Rs.52,000

Option 4: Rs.40,000

Question : On the basis of the following data, how much final payment will be made to a partner on the firm's dissolution?

The credit balance of the capital account is Rs 50,000. Share of loss on realization Rs 10,000. The firm's liability was taken over by him for Rs 8000.

Option 1: Rs 48,000

Option 2: Rs 68,000

Option 3: Rs 38,000

Option 4: None of the above

Question : On the basis of the following data, how much final payment will be made to a partner on the firm's dissolution?

The credit balance of the capital account is Rs 50,000. Share of loss on realization Rs 10,000. The firm's liability was taken over by him for Rs 8000.

Option 1: Rs 48,000

Option 2: Rs 68,000

Option 3: Rs 38,000

Option 4: None of the above

Question : Sudhir, a partner, was allowed a remuneration of Rs. 10,000 to carry out dissolution of the firm. He was to bear all expenses of realisation which amounted to Rs. 16,000 were paid by the firm. In this case partner's capital account will be debited by ------------

Option 1: Rs 10,000

Option 2: Rs 16,000

Option 3: Rs 6,000

Option 4: Rs 26,000

Question : On dissolution of a firm, a partner paid Rs. 6,500 for firm’s realisation expenses. Which account will be debited?

Option 1: Cash Account

Option 2: Realisation Account

Option 3: Capital Account of the Partner

Option 4: Profit & Loss A/c