Question

A, B, C are partners. B retired and on the date of retirement Workmen’s compensation fund was appearing in the books at ₹ 50,000. The claim on account of workmen’s compensation was ₹ 65,000. The excess claim will be:

विकल्प

• Debited to Revaluation A/c

• Credited to Revaluation A/c

• Debited to Remaining partner’s Capital/Current A/cs in new ratio

• Credited to Remaining partner’s Capital/Current A/cs in new ratio

Answer 1

Debited to Revaluation A/c