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Question
Rohit, a partner is to carry out dissolution and he gets ₹ 50,000 as remuneration. Realisation Expenses were ₹ 25,000. Realisation Account will be debited with ______.
Options
₹ 50,000
₹ 75,000
₹ 25,000
₹ 1,00,000
MCQ
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Solution
Rohit, a partner is to carry out dissolution and he gets ₹ 50,000 as remuneration. Realisation Expenses were ₹ 25,000. Realisation Account will be debited with ₹ 75,000.
Explanation:
Rohit’s remuneration = ₹ 50,000
Realisation Expenses = ₹ 25,000
Total Debit to Realisation Account = Remuneration + Expenses
= 50,000 + 25,000
= ₹ 75,000
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