Unrecorded Asset taken over by a Partner at the time of dissolution of the firm is .................... to his Capital Account.

Goodwill at the time of Dissolution of Firm is Closed by transferring it to Partners' Capital Accounts.

Against his loan of Rs.2,00,000, the partner takes an asset valued at Rs.1,60,000 in full settlement of his account, ..................amount will be transferred to Realisation Account.

Workmen Compensation Reserve appears at Rs.1,00,000 in the Balance Sheet and Claim against Workmen Compensation is of Rs.1,10,000. With how much amount will Realisation Account be debited at the time of making payment of this claim?

A debtor of Rs.5,000, already transferred to Realisation Account agreed to pay the Realisation Expenses of Rs.4,500 in full settlement of his claim. Choose the correct option:

The firm had a Debit balance of Profit and Loss Account of Rs.15,000 at the time of Dissolution of Firm. Partner's Capital Accounts will be ................... by Rs.15,000.

Nisha paid Realiastion Expenses of Rs.10,000 out of her private funds, who was to get a remuneration of Rs.8,000 for completing dissolution process and was responsible to bear all the realisation expenses. Choose the correct option:

Ram(a partner) agreed to pay off his wife's loan of Rs.10,000.

There was a bill of Rs.2,000, already discounted. This bill was received from Vijay, who became insolvent and a first and final dividend of 25% was received from his estate.