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Question
Matching Question:
At the time of dissolution of a partnership firm:
| (i) | Bank overdraft will be transferred to | (a) | Partner's Capital Accounts |
| (ii) | Bank loan will be transferred to | (b) | Bank Account |
| (iii) | Balance of P & L will be transferred to | (c) | Realisation Account |
| (iv) | Advertisement Exp. shown in assets will be transferred to |
Match the Columns
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Solution
| (i) | Bank overdraft will be transferred to | (c) | Realisation Account |
| (ii) | Bank loan will be transferred to | (c) | Realisation Account |
| (iii) | Balance of P & L will be transferred to | (a) | Partner's Capital Accounts |
| (iv) | Advertisement Exp. shown in assets will be transferred to | (a) | Partner's Capital Accounts |
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