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

LIST-I		LIST-II
A.	Payment of outstanding bill for electricity expenses	I. Partners' Capital A/c will be credited
B.	Transfer of General Reserve	II. Partners' Capital A/c will be debited
C.	Transfer of Profit & Loss A/c (Dr. balance)	III. Realisation A/c will be credited
D.	Cash sale of machinery	IV. Cash/Bank A/c will be credited

Choose the correct answer from the options given below:

A partnership firm is dissolved compulsorily in the following cases:

(A) when all the partners or all but except one partner, become insolvent, rendering them incompetent to sign a contract:

(B) When the business of the firm becomes illegal

(C) Change in existing profit sharing ratio among partners

(D) When some event has taken place which makes it unlawful for the partners to carry on the business of the firm in partnership, e.g., when a partner who is a citizen of a country becomes an alien enemy because of the declaration of war with his country and India.

Choose the correct answer from the options given below:

In case of Fixed Capital Method, at the time of dissolution of a firm, An un-recorded asset are taken over by a partner, which Journal Entry will be recorded in the books of the Partnership Firm :-

In the case of a dissolution of a firm, accumulated losses are transferred to:

On dissolution of a firm, bank overdraft is transferred to:

Choose the correct sequence of Closing of Ledger Accounts at the time of dissolution of a Partnership Firm.

(A) Closing of Cash at Bank & Cash in hand account.

(B) Realisation of Assets and payment of external liabilities recorded in Realisation Account.

(C) Transfer of Assets and External Liabilities to Realisation Account.

(D) Closing Partner's capital account by settling the final payment to partners or receipt from partners.

Choose the correct answer from the options given below:

Which of the following will lead to dissolution of partnership firm by agreement?