Question

X, a partner was assigned to look after the dissolution process and was allowed remuneration of ₹ 15,000. Actual realisation expenses amounted to ₹ 20,000, being paid by another partner Y. By what amount Realisation account will be debited for the above-mentioned information?

पर्याय

• ₹ 20,000

• ₹ 35,000

• ₹ 5,000

• ₹ 15,000

Answer 1

₹ 35,000

Explanation:

Date	Particulars	Amount (₹)	Amount (₹)
1.	For remuneration to X:
	Realisation A/c   ...Dr.	15,000	-
	To X’s Capital A/c	-	15,000
2.	For actual expenses paid by Y:
	Realisation A/c   ...Dr.	20,000	-
	To Y’s Capital A/c	-	20,000

Total debit to Realisation A/c:

Total debit = ₹ 15,000 + ₹ 20,000 

= ₹ 35,000