Question : Realization expenses amounted to Rs.20,000 and were paid by the firm. Rs.8,000 were to be borne by the firm and the balance by Maruti, a partner. In this case, the account will be debited is 

Option 1: Realisation account debited by Rs 8000

Option 2: Realisation account debited by Rs 12000

Option 3: Realization account debited by Rs 20,000

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 : 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 : Realization expenses amounted to Rs.8,000 and were paid by partner X. In this case, the account will be credited :

Option 1: Realisation a/c

Option 2: Bank account

Option 3: X's capital account

Option 4: None of the above.

Question : Realization expenses amounted to Rs.8,000 and were paid by partner X. In this case, the account will be credited :

Option 1: Realisation a/c

Option 2: Bank account

Option 3: X's capital account

Option 4: None of the above.