(i) When the firm is dissolved , Reserve is transferred to ________ in theprofit- sharing ratio.(ii) Unrecorded liability paid at the time of dissolution of the firm is to be debited to_________ Account.(iii) When an unrecorded asset is realised at the time of dissolution of the firm, __________ Account is debited and ___________ Account is credited.(iv) Goodwill Account appearing in the books on the dissolution date is closed by transferring it to _____________ side of the __________ Account. (v) Entry for the asset taken over by a creditor is ___________ but entry for the net payment to the creditor is made. (vi) Debit balance of profit and loss Account is transferred to __________ Accounts at the time of dissolutionof the firm.(vii) Expenses of realisation are ___________ to Realisation Account.(viii) Unrecorded asset taken by a partner is ____________ to Partner's Capital Account.(ix) Balance ofRealisation Account is transferred to ____________.

(i) When the firm is dissolved , Reserve is transferred to ________ in

1.	(i) When the firm is dissolved , Reserve is transferred to ________ in theprofit- sharing ratio.(ii) Unrecorded liability paid at the time of dissolution of the firm is to be debited to_________ Account.(iii) When an unrecorded asset is realised at the time of dissolution of the firm, __________ Account is debited and ___________ Account is credited.(iv) Goodwill Account appearing in the books on the dissolution date is closed by transferring it to _____________ side of the __________ Account. (v) Entry for the asset taken over by a creditor is ___________ but entry for the net payment to the creditor is made. (vi) Debit balance of profit and loss Account is transferred to __________ Accounts at the time of dissolutionof the firm.(vii) Expenses of realisation are ___________ to Realisation Account.(viii) Unrecorded asset taken by a partner is ____________ to Partner's Capital Account.(ix) Balance ofRealisation Account is transferred to ____________.
Answer» SOLUTION :(i) Partners' capital Accounts ; (ii) REALISATION ; (iii) Cash , Realisation;(iv) DEBIT, Realisation ; (v) not passed ; (vi) Partners' Capital ; (vii) debited; (viii) debited; (IX) Capital Accountsof the Partners INTHEIR profit - sharing ratio.]

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