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Question
Matching Question:
On dissolution of a partnership firm:
| (i) | Realisation expenses ₹ 25,000 paid by firm, out of which ₹ 15,000 was to be borne by a partner | (a) | Partner's capital will be credited by ₹ 15,000 |
| (ii) | Realisation expenses paid ₹ 25,000 paid by partner, out of which ₹ 10,000 was to be borne by the firm | (b) | Partner's capital will be debited by ₹ 15,000 |
| (c) | Partner's capital will be credited by ₹ 10,000 | ||
| (d) | Partner's capital will be debited by ₹ 10,000 |
Match the Columns
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Solution
| (i) | Realisation expenses ₹ 25,000 paid by firm, out of which ₹ 15,000 was to be borne by a partner | (b) | Partner's capital will be debited by ₹ 15,000 |
| (ii) | Realisation expenses paid ₹ 25,000 paid by partner, out of which ₹ 10,000 was to be borne by the firm | (c) | Partner's capital will be credited by ₹ 10,000 |
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