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Question
Matching Question:
On dissolution of a partnership firm:
| (i) | Debt already written off and now received at the time of dissolution is recorded | (a) | Partner's Capital A/с Dr. To Realisation A/c |
| (ii) | Asset taken by partner | (b) | Realisation A/c Dr. To Partner's Capital A/с |
| (iii) | Partner paid his wife's loan | (c) | No entry |
| (iv) | Creditors taken investments | (d) | Bank A/с Dr. To Realisation A/с |
Match the Columns
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Solution
| (i) | Debt already written off and now received at the time of dissolution is recorded | (d) | Bank A/с Dr. To Realisation A/с |
| (ii) | Asset taken by partner | (a) | Partner's Capital A/с Dr. To Realisation A/c |
| (iii) | Partner paid his wife's loan | (b) | Realisation A/c Dr. To Partner's Capital A/с |
| (iv) | Creditors taken investments | (c) | No entry |
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