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Question
Matching Question:
On dissolution of a partnership firm:
| (i) | Payment of Employees Provident Fund is recorded in | (a) | Realisation and Bank Account |
| (ii) | Asset taken by the Partner is recorded in | (b) | Realisation Account |
| (iii) | Liability taken by the Partner is recorded in | (c) | Partner's Capital Account |
| (d) | Realisation and Partner's Capital Account |
Match the Columns
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Solution
| (i) | Payment of Employees Provident Fund is recorded in | (a) | Realisation and Bank Account |
| (ii) | Asset taken by the Partner is recorded in | (d) | Realisation and Partner's Capital Account |
| (iii) | Liability taken by the Partner is recorded in | (d) | Realisation and Partner's Capital Account |
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