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Question
Matching Question:
On dissolution of a partnership firm:
| (i) | Partner's Capital Accounts will be closed by | (a) | Realisation Account |
| (ii) | Partner's loan account will be closed by | (b) | Partner's Current Accounts |
| (iii) | Goodwill Account appearing in assets will be closed by | (c) | Partner's Capital Accounts |
| (d) | Bank Account |
Match the Columns
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Solution
| (i) | Partner's Capital Accounts will be closed by | (d) | Bank Account |
| (ii) | Partner's loan account will be closed by | (d) | Bank Account |
| (iii) | Goodwill Account appearing in assets will be closed by | (a) | Realisation Account |
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