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:

4 June Shift 2

In case of dissolution of firm, the bank overdraft is transferred to:

15 May Shift 1

Arrange the following in the sequence in which they shall be applied in payment at the time of dissolution of a firm:

(A) The debts of the firm to the third parties.

(B) Partner proportionately what is due to him/her from the firm for advances as distinguished from capital (i.e. partner's loan).

(D) Divided among the partners in their profit sharing ratio.

Choose the correct answer from the options given below:

13 May Shift 2

In case of dissolution Machine costing Rs 20,000, alongwith cash of Rs 5,000 were given to creditors of Rs 30,000 in full settlement of their claim.

In this case Realisation A/c will be Debited with ___________.