X, Y, Z are partners who decided to dissolve their firm. Realisation expenses were to be borne by Y for which he was to be given remuneration of Rs. 1 - Accountancy MCQ CUET Accountancy 2022 20 Aug Shift 2 2026 | ExamTest.live

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1 mark

X, Y, Z are partners who decided to dissolve their firm. Realisation expenses were to be borne by Y for which he was to be given remuneration of Rs. 10, 000 . Actual expenses were Rs. 12, 000 . How much amount will be transferred to Y's Capital A/c for it?

Solution & Step-by-step Explanation

Because Y agreed to bear the realisation expenses for a fixed remuneration, the firm is only responsible for paying the remuneration amount. Therefore, Rs. 10, 000 will be credited to Y's Capital A/c. The actual expenses of Rs. 12, 000 are to be settled by Y personally.

Try it yourself before checking the explanation above.

X, Y, Z are partners who decided to dissolve their firm. Realisation expenses were to be borne by Y for which he was to be given remuneration of Rs. 10, 000 . Actual expenses were Rs. 12, 000 . How much amount will be transferred to Y's Capital A/c for it?

Rs. 22, 000

Rs. 12, 000

Rs. 2, 000

Rs. 10, 000

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