Match the LIST-I with LIST-II

LIST-I		LIST-II
	Item	shown in
A.	Profit on realisation	I. Debit side of Partners' Capital A/c
B.	Sale of assets	II. Debit side of Realisation A/c
C.	Fictitious assets	III. Credit side of Partners' Capital A/c
D.	Settlement of unrecorded liability	IV. Credit side of Realisation A/c

Choose the correct answer from the options given below:

At the time of dissolution of their firm, Ahmed and Subhash, who are partners of that firm, agreed that Ahmed will pay realization expenses for a fixed remuneration of Rs.12,000. The actual expenses were Rs. 16,000. The Journal entry to be passed is

When realisation expenses are paid by the firm on behalf of a partner, such expenses are debited to

In case of dissolution of a firm, Losses including deficiencies of capital, shall be paid first out of ....

When a firm is dissolved with the consent of all the partners or in accordance with a contract between the partners, it is known as:

On dissolution of a partnership firm, the bills payable is transferred to :

Arrange following in a sequence in which amount realised from Assets will be utilised to pay.

A. Partner's Loan

B. Partner's Capital

C. Secured debts of the firm

D. Unsecured debts of the firm

E. Residue to partners

Choose the correct answer from the options given below: