X, Y, and Z are partners who decided to dissolve their firm. Realization expenses were to be borne by Y for which he was to be given a remuneration of ₹10,000. Actual expenses were ₹12,000. How much amount will be transferred to Y's Capital A/c for it?
Answer & explanation
Correct answer: option 4
The correct answer is option 4- ₹10,000.
₹10,000 will be transferred to Y's Capital A/c.
For agreed remuneration to such partner who agrees to undertake the dissolution work. Only agreed remuneration is given whether expenses are less or more.