Match 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. Bank A/c, (C) Partner himself pays the realisation expenses, (III) Partner's Capital A/c Dr. Bank A/c, (D) Partner has agreed to bear the realisation expenses but expenses are paid by the firm, (IV) Realisation A/c Dr. Partner's Capital A/c, Choose the correct answer from the given options below:

Question

Match 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 paid by the firm | (IV) Realisation A/c $$Dr.
To$$ Partner's Capital A/c | Choose the correct answer from the given options 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) - (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) 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

Solution

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