The entry for realisation expenses in above case study will be: Option 1: Realisation A/c Dr. To Cash A/c Option 2: Realisation A/c Dr. To G's Capital A/c Option 3: G's Capital A/c Dr. To Realisation A/c Option 4: Cash A/c Dr. To Realisation A/c

The answer is 'Realisation A/c Dr. To G's Capital A/c'. View full solution:

CUET Accountancy - The entry for realisation expenses in above case study will be: | PYQs + Solutions

CUET Accountancy

Partnership

Easy

Realisation A/c Dr.

To Cash A/c

Realisation A/c Dr.

To G's Capital A/c

G's Capital A/c Dr.

To Realisation A/c

Cash A/c Dr.

To Realisation A/c

✅ Correct Option: 2

Related questions:

20 June Shift 2

The dissolution of Partnership may take place due to:

A. Retirement of Partner

B. Death of Partner

C. Insolvency of Partner

D. Admission of New Partner

E. Completion of Venture, if partnership formed for that purpose

Choose the correct answer from the options given below:

28 May Shift 1

On dissolution of partnership, goodwill account is transferred to :

30 May Shift 1

Match List-I with List-II

List-I	List-II
(A) On dissolution of a firm, creditors is transferred to:	(I) Bank account is credited
(B) Unrecorded liabilities when paid:	(II) Realization Account
(C) When realization expenses are paid by the firm on behalf of a partner, such expenses are	(III) Bank account is debited.
(D) When unrecorded assets are sold	(IV) Partner's Capital Account

Choose the correct answer from the options given below: