CUET Accountancy - When realisation expenses are paid by the firm on behalf of a partner, which among the following will be debited: | PYQs + Solutions

CUET Accountancy 2025 22 May Shift 1

Partnership

Medium

common

Realisation Account

Partner's Capital Account

Partner's Loan Account

Expense Account

✅ Correct Option: 2

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Ram, a partner, has been assigned the responsibility for realization of assets and settlement of liability for which he will be given remuneration of ₹ 10,000. He has to bear all the realization expenses. Actual realization expenses are 12,000. Journal Entry will be

CUET Accountancy 2025 22 May Shift 1 PYQs

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