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Question
Matching Question:
On dissolution of a partnership firm:
| (i) | Credit Balance of Bank Account is transferred to | (a) | Realisation Account and Partner's Capital Account |
| (ii) | Wife's Loan is transferred to | (b) | Bank Account |
| (iii) | Goodwill appearing on assets side is transferred to | (c) | Realisation Account |
Match the Columns
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Solution
| (i) | Credit Balance of Bank Account is transferred to | (c) | Realisation Account |
| (ii) | Wife's Loan is transferred to | (c) | Realisation Account |
| (iii) | Goodwill appearing on assets side is transferred to | (c) | Realisation Account |
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