When realisation expenses are paid by th

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Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Accounting for Partnership

Question:

When realisation expenses are paid by the firm on behalf of a partner, which account will be debited:

Options:

Realisation Account

Partner's Capital Account

Partner's Loan Account

Revaluation Account

Correct Answer:

Partner's Capital Account

Explanation:

The correct answer is Option (2) → Partner's Capital Account