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 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 : At the time of admission of a partner, what will be the effect of the following information? Balance in Workmen compensation reserve Rs. 20,000. Claim for workmen compensation Rs. 45,000.

Option 1: Rs. 5,000 Debited to the Partner's capital Accounts. 

Option 2: Rs. 40,000 Debited to Revaluation Account.

Option 3: Rs. 25,000 Debited to Revaluation Account.

Option 4: Rs. 40,000 Credited to Revaluation Account.

Question : At the time of admission of a partner, what will be the effect of the following information? Balance in Workmen compensation reserve Rs. 28,000. Claim for workmen compensation Rs. 20,000.

Option 1: Rs. 28,000 Debited to the Partner's capital Accounts. 

Option 2: Rs. 2,000 Debited to Revaluation Account.

Option 3: Rs. 8,000 Credited to the Partner's capital Accounts.

Option 4:  Rs. 20,000 to Debited Revaluation Account