Question

At the time of Dissolution of a partnership firm, if the Realization expenses are supposed to be borne by a partner ‘A’ but are paid by another partner ‘B’. Which of the following entries will be passed?

Options

• A’s Capital A/c     ...Dr.
      To B’s Capital A/c

• Realization A/c     ...Dr.
      To A’s Capital A/c

• Realization A/c     ...Dr.
      To B’s Capital A/c

• B’s Capital A/c     ...Dr.
      To Bank A/c

Answer 1

A’s Capital A/c     ...Dr.
    To B’s Capital A/c