Match the LIST-I with LIST-II, LIST-I, LIST-II, A., Realisation expenses are incurred and paid by the firm, I., No Entry, B., Realisation expenses are paid by a partner on behalf of the firm, II., Realisation A/c Dr., To Bank A/c, C., Partner himself pays the realisation expenses, III., Partner's Capital A/c Dr., To Bank A/c, D., Partner has agreed to bear the realisation expenses but expenses are incurred and paid by the firm, IV., Realisation A/c Dr., To Partner's Capital A/c, Choose the correct answer from the options given below:

Question

Match the LIST-I with LIST-II | LIST-I | | LIST-II | | |---|---|---|---| | A. | Realisation expenses are incurred and paid by the firm | I. | No Entry | | B. | Realisation expenses are paid by a partner on behalf of the firm | II. | Realisation A/c Dr., To Bank A/c | | C. | Partner himself pays the realisation expenses | III. | Partner's Capital A/c Dr., To Bank A/c | | D. | Partner has agreed to bear the realisation expenses but expenses are incurred and paid by the firm | IV. | Realisation A/c Dr., To Partner's Capital A/c | Choose the correct answer from the options given below:

Accepted Answer

A-II, B-IV, C-I, D-III

Answer

A-III, B-II, C-IV, D-I

Answer

A-I, B-II, C-IV, D-III

Answer

A-III, B-IV, C-I, D-II

List-I	List-II
(A) Realisation expenses are incurred and paid by the firm	(I) No Entry
(B) Realisation expenses are paid by a partner on behalf of the firm	(II) Realisation A/c Dr.\nTo Bank A/c
(C) Partner himself pays the realisation expenses	(III) Partner's Capital A/c Dr.\nTo Bank A/c
(D) Partner has agreed to bear the realisation expenses but expenses are paid by the firm	(IV) Realisation A/c Dr.\nTo Partner's Capital A/c

LIST-I		LIST-II
A.	Realisation expenses are incurred and paid by the firm	I.	No Entry
B.	Realisation expenses are paid by a partner on behalf of the firm	II.	Realisation A/c Dr., To Bank A/c
C.	Partner himself pays the realisation expenses	III.	Partner's Capital A/c Dr., To Bank A/c
D.	Partner has agreed to bear the realisation expenses but expenses are incurred and paid by the firm	IV.	Realisation A/c Dr., To Partner's Capital A/c

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