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mediumMCQCUET Accountancy 2022 30 Aug Shift 22026Accountancy
1 mark

Aman and Mohan, partners of a firm decided to dissolve the business on 31-03-22. The firm decided to pay realisation expenses of Rs. on behalf of Mohan. Rs. will be debited to

  1. A
    Realisation A/C
  2. B
    Mohan's capital A/C
  3. C
    Bank A/C
  4. D
    Aman's capital A/C

Solution & Step-by-step Explanation

If realisation expenses are to be borne by a partner (Mohan) but are paid by the firm on his behalf, the partner's capital account must be debited to recover the amount.

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Aman and Mohan, partners of a firm decided to dissolve the business on 31-03-22. The firm decided to pay realisation expenses of Rs. on behalf of Mohan. Rs. will be debited to
A
Realisation A/C
B
Mohan's capital A/C
C
Bank A/C
D
Aman's capital A/C

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