CUET Accountancy - 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 | PYQs + Solutions

CUET Accountancy 2025 22 May Shift 2

Partnership

Medium

common

Realisation A/C.....Dr. 10,000

To Ram's Capital A/C 10,000

Realisation A/C.....Dr. 12,000

To Ram's Capital A/C 12,000

Realisation A/C.....Dr. 10,000

To Bank A/C 10,000

Realisation A/C.....Dr. 12,000

To Bank A/C 12,000

✅ Correct Option: 1

Related questions:

3 June Shift 1

Unrecorded assets when taken over by a partner are shown in :

2 June Shift 2

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. What will be the journal entry for remuneration payable to Anubha?

(A) Realisation A/c is debited by 8,500

(B) Anubha's Capital A/c is credited by 8,500.

(D) Anubha's Capital is credited by13,600.

Choose the correct answer from the options given below:

13 May Shift 1

Which of the following indicate the situation of compulsory dissolution.

CUET Accountancy 2025 22 May Shift 2 PYQs

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