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6)Hello brother, please help me. Answer all the questions. I do not have many chance. I will not forget your favor. Please write the question number and answer code.

corporate Accounting 1

Question 26 Not yet answered Marked out of 1 P Flag question On dissolution, the balance of Profit & Loss account appearing on the assets side of a balance sheet is transferred to: O a. On the debit of realization account O b. On the credit of partners' capital accounts c. On the credit of realization account d. On the debit of partners' capital accounts Question 27 Not yet answered Marked out of 1 P Flag question Excess of credit side over the debit side of revaluation account is: a. Profit O b. Expense C. Gain O d. Loss Question 28 Not yet answered Marked out of 1 Flag question At the time of retirement undistributed profit (Profit & Loss account) and General Reserve must be transferred to: O a. None of these are correct. b. Partner's Capital account O c. Revaluation account d. Both Revaluation & Capital account of partners Question 29 Not yet answered Marked out of 1 P Flag question On admission of partner Unrecorded assets or liabilities are transferred to: a. Partners' capital accounts O b. Profit & Loss account O c. Revaluation account O d. Partners current accounts Question 30 Not yet answered Marked out of 1 P Flag question On dissolution of a firm, in order to record the sale of assets and discharge of liabilities, an account that is opened is named as: a. Profit & Loss account b. None of the options O C. Realization account O d. Profit & Loss adjustment account

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