Realisation profit is 6,000 and profit sharing ratio of Harsha, Manisha and Kushagr is 3:2:1. The amount to be transferred to Kushagr's capital account is -

Nominal A/c

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Real A/c

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Personal A/c

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None of these

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Solution

The correct option is A
Nominal A/c

The amount to be transferred to Kushagr's capital account is -
Rs. 1,000 (i.e 1/6 * 6,000 = 1,000)

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Realisation profit is 6,000 and profit sharing ratio of Harsha, Manisha and Kushagr is 3:2:1. The amount to be transferred to Kushagr's capital account is -

The correct option is A Nominal A/c The amount to be transferred to Kushagr's capital account is - Rs. 1,000 (i.e 1/6 * 6,000 = 1,000)

The correct option is A
Nominal A/c

The amount to be transferred to Kushagr's capital account is -
Rs. 1,000 (i.e 1/6 * 6,000 = 1,000)