At the time of the Dissolution of the firm, partner X has a Debit balance of Rs 50,000 on his Account. He also had given a sum of Rs 60,000 as a loan to the firm. Which one of the following options is correct in this regard?

X will be paid off by Rs 60,000 X will be paid off by Rs 1,10,000 X will be paid off by Rs 10,000 X will bring Rs 50,000

X will be paid off by Rs 10,000

The firm will pay him the difference amount (Loan by X 60,000 less Debit balance of his account 50,000)- Rs 10,000