Advertisements
Advertisements
Question
On dissolution of a firm, a partner’s capital account has a credit balance of ₹ 42,000. His share of profit in realisation account is ₹ 9,000. He has paid firm’s realisation expenses 3,000. He will finally get a payment of:
Options
₹ 39,000
₹ 42,000
₹ 54,000
₹ 48,000
MCQ
Advertisements
Solution
₹ 54,000
Explanation:
Capital account credit balance: ₹ 42,000
Share of profit in realisation account: ₹ 9,000
Realisation expenses paid by partner: ₹ 3,000
The final payment to the partner is calculated as:
= 42,000 + 9,000 + 3,000
= 54,000
shaalaa.com
Is there an error in this question or solution?
