In case of dissolution of a partnership firm, Match List-I with List-II.

List-I List-II
(A) Realisation expenses are incurred and paid by the firm. (I) Partner's Capital A/c Dr. → To Bank A/c
(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) No Entry
(D) When a partner has agreed to bear the realisation expenses and payment is made by the firm. (IV) Realisation A/c Dr. → To Partner's Capital A/c

Choose the correct answer from the options given below:

Question

Accepted Answer

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

Answer

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

Answer

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

Answer

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

List-I	List-II
(A) Realisation expenses are incurred and paid by the firm.	(I) Partner's Capital A/c Dr. → To Bank A/c
(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) No Entry
(D) When a partner has agreed to bear the realisation expenses and payment is made by the firm.	(IV) Realisation A/c Dr. → To Partner's Capital A/c

Solution