Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Dissolution of Partnership Firm

Question:

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?

Options:

₹22,000

₹12,000

₹2,000

₹10,000

Correct Answer:

₹10,000

Explanation:

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.