Question : Workmen Compensation Reserve stood at Rs.1,50,000 in the Balance Sheet and Liability in respect of it was ascertained at Rs.2,00,000. The realization account will be credited by

Option 1: Rs 2,00,000

Option 2: Rs 1,50,000

Option 3: Rs 50,000

Option 4: None of the above

Question : Workmen Compensation Reserve stood at Rs.1,50,000 in the Balance Sheet and Liability in respect of it was ascertained at Rs.2,00,000. The realization account will be credited by

Option 1: Rs 2,00,000

Option 2: Rs 1,50,000

Option 3: Rs 50,000

Option 4: None of the above

Question : Workmen Compensation Reserve stood at Rs.1,50,000 in the Balance Sheet and liability in respect of it was ascertained at Rs.2,00,000. The realization account will be debited by ____________.

Option 1: Rs 2,00,000

Option 2: Rs 1,50,000

Option 3: Rs 50,000

Option 4: None of the above

Question : Workmen Compensation Reserve stood at Rs.1,50,000 in the Balance Sheet and liability in respect of it was ascertained at Rs.2,00,000. The realization account will be debited by ____________.

Option 1: Rs 2,00,000

Option 2: Rs 1,50,000

Option 3: Rs 50,000

Option 4: None of the above

Question : An unrecorded asset was valued at Rs 2,00,000. On firm's dissolution. It was sold for Rs 125%. The realization account will be credited with

Option 1: Rs 2,00,000

Option 2: Rs 2,50,000

Option 3: Rs 1,50,000

Option 4: None of the above

Question : An unrecorded asset was valued at Rs 2,00,000. On firm's dissolution. It was sold for Rs 125%. The realization account will be credited with

Option 1: Rs 2,00,000

Option 2: Rs 2,50,000

Option 3: Rs 1,50,000

Option 4: None of the above