Anubha looked after the dissolution work for remuneration of Rs. 8,500 and agreed to bear dissolution expenses upto Rs. 6,000. Actual expenses paid by her were Rs. 7,600. In this case.
(A) Realisation A/c is debited by Rs. 10,100
(B) Anubha's Capital A/c is credited by Rs. 9,600.
(C) Realisation A/c is debited by Rs. 13,600.
(D) Anubha's Capital is credited by Rs. 10100.
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → (A) and (D) only
Anubha bears the dissolution expenses only up to Rs. 6,000. She actually paid Rs. 7,600, so the excess is the firm's expense, and the firm owes it to her together with her remuneration. Both amounts are debited to the Realisation Account and credited to her capital account:
Remuneration: Realisation A/c Dr. Rs. 8,500; To Anubha's Capital A/c Rs. 8,500
Expenses borne by the firm = Rs. 7,600 − Rs. 6,000 = Rs. 1,600: Realisation A/c Dr. Rs. 1,600; To Anubha's Capital A/c Rs. 1,600
Realisation A/c is debited by 8,500 + 1,600 = Rs. 10,100, statement (A)
Anubha's Capital A/c is credited by 8,500 + 1,600 = Rs. 10,100, statement (D)
The Rs. 6,000 she bears herself is never recorded, because she paid it out of her own pocket and the firm owes her nothing for it.
NCERT (2026-27 edition):
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