YESPYQ Start Practice
🏫 Board📒 Accountancy

Anubha looked after the dissolution work for remuneration of ₹8,500 and agreed to bear dissolution expenses up to ₹6,000…

Q1

Anubha looked after the dissolution work for remuneration of ₹8,500 and agreed to bear dissolution expenses up to ₹6,000. Actual expenses paid by her were ₹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.
(C) Realisation A/c is debited by ₹13,600.
(D) Anubha's Capital is credited by ₹13,600.
Choose the correct answer from the options given below:

a

(A) and (B) only

b

(B) and (D) only

c

(A), (B), (C) and (D)

d

(C) and (D) only

🔒
Answer & explanation — PYQ Pass

Options are free to see. Unlock the correct answer and full explanation with Pass.

Unlock · ₹149
← Previous questionNext question →

Practice more Board Accountancy PYQs

See every question on Dissolution of Partnership Firm, or browse the full Board question bank.

See all questions on Dissolution of Partnership Firm →