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Rashmi, a partner, is to bear all expenses of realisation for which she is to be paid ₹10,000. Rashmi had to pay realisation expenses of ₹ 15,000. Amount debited to Realisation Account will be ______.

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Question

Rashmi, a partner, is to bear all expenses of realisation for which she is to be paid ₹ 10,000. Rashmi had to pay realisation expenses of ₹ 15,000. Amount debited to Realisation Account will be ______.

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Solution

Rashmi, a partner, is to bear all expenses of realisation for which she is to be paid ₹10,000. Rashmi had to pay realisation expenses of ₹ 15,000. Amount debited to Realisation Account will be ₹ 10,000.

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Chapter 5: Dissolution of a Partnership Firm - OBJECTIVE TYPE QUESTIONS [Page 5.99]

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D. K. Goel Accountancy Part A Volume 1 and 2 [English] Class 12
Chapter 5 Dissolution of a Partnership Firm
OBJECTIVE TYPE QUESTIONS | Q (B) 16. | Page 5.99
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