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Question
Matching Question:
On dissolution of a partnership firm:
| (i) | Realisation expenses paid by partner and was to be borne by him only | (a) | Partner's capital will be credited |
| (ii) | Realisation expenses paid by firm but it was to be borne by a partner | (b) | No effect on partner's capital |
| (c) | Partner's capital will debited | ||
| (d) | Realisation will be debited |
Match the Columns
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Solution
| (i) | Realisation expenses paid by partner and was to be borne by him only | (b) | No effect on partner's capital |
| (ii) | Realisation expenses paid by firm but it was to be borne by a partner | (c) | Partner's capital will debited |
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