Question : On the firm's dissolution, on the realization of goodwill (which was shown in the Balance Sheet) will be debited to:

Option 1: Cash A/c

Option 2: Goodwill account

Option 3: Realization account

Option 4: None of the above

Question : On firm's dissolution, on realisation of patents (which was shown in Balance Sheet) will be credited to:

Option 1: Cash A/c

Option 2: Profit and loss account

Option 3: Realization account

Option 4: None of the above

Question : On firm's dissolution, on realisation of patents (which was shown in Balance Sheet) will be credited to:

Option 1: Cash A/c

Option 2: Profit and loss account

Option 3: Realization account

Option 4: None of the above

Question : At the time of the dissolution of the partnership firm. The amount of the Employees Provident Fund shown on the liabilities side of the balance sheet is transferred to

Option 1: Cash account

Option 2: partner's capital account

Option 3: realization account

Option 4: None of the above

Question : At the time of the dissolution of the partnership firm. The amount of the Employees Provident Fund shown on the liabilities side of the balance sheet is transferred to

Option 1: Cash account

Option 2: partner's capital account

Option 3: realization account

Option 4: None of the above