On dissolution of a firm, a partner took over ₹17,000 investments for ₹14,000. Which one of the following account will be debited/credited with how much amount?

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Ram Sharma

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Q. On dissolution of a firm, a partner took over ₹17,000 investments for ₹14,000. Which one of the following account will be debited/credited with how much amount?

(A) Realisation Account Credit with ₹3,000
(B) Realisation Account Credit with ₹17,000
(C) Partner’s Capital Account Credit with ₹17,000
(D) Partner’s Capital Account Debit with ₹14,000

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✅ Correct Answer: (D) Partner’s Capital Account Debit with ₹14,000

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