Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Dissolution of Partnership Firm

Question:

What is paid to a partner by the firm if the partner is paid a fixed amount as remuneration and expenses of realisation at the time of dissolution of the partnership firm?

Options:

Remuneration

Expenses of realisation

Fixed amount

None of these

Correct Answer:

Fixed amount

Explanation:

A fixed amount as remuneration and expenses of realisation is paid.