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Match the columns (at the time of admission of partners situations)Column I (Items/Transaction)Column II (Entry)A.Increase in Liabilities(i) Credit – Revaluation AccountB. Bad Debts recovered(ii) Credit – Partner’s Capital AccountC. Accumulated losses(iii) Debit – Revaluation AccountD. Profit and loss ( Cr)(iv) Debit – Partners’ Capital Account(a) (iii) (i) (ii) (iv) (b) (i) (iii) (iv) (ii) (c) (i) (iii) (ii) (iv) (d) (iii) (i) (iv) (ii) |
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Answer» (d) (iii) (i) (iv) (ii) |
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