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Question
Matching Question:
On dissolution of a partnership firm:
| (i) | When goodwill appearing in the Balance Sheet is transferred to Realisation A/c | (a) | Partner's Capital A/c Dr. To Realisation A/cс |
| (ii) | When goodwill is realised in cash | (b) | Realisation A/c Dr. To Goodwill A/c |
| (iii) | When any asset is taken by any partner | (c) | Bank A/с Dr. To Realisation A/c |
Match the Columns
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Solution
| (i) | When goodwill appearing in the Balance Sheet is transferred to Realisation A/c | (b) | Realisation A/c Dr. To Goodwill A/c |
| (ii) | When goodwill is realised in cash | (c) | Bank A/с Dr. To Realisation A/c |
| (iii) | When any asset is taken by any partner | (a) | Partner's Capital A/c Dr. To Realisation A/c |
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