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Question

Accountancy Question on Capital Account

Match LIST I with LIST IILIST I
| LIST II

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A| Goodwill written off | I| Credit side of Profit and Loss A/c
B| Partner's Salary | II| Debit side of Partner's Capital A/c
C| Bad Debts Recovered| III| Debit side of Profit and Loss A/c
D| Manager's Commission| IV| Credit side of Partner's Capital A/c
Choose the correct answer from the options given below

A

(A)-(I), (B)-(II), (C)-(III), (D)-(IV)

B

(A)-(II), (B)-(IV), (C)-(III), (D)-(I)

C

(A)-(II), (B)-(III), (C)-(IV), (D)-(I)

D

(A)-(II), (B)-(IV), (C)-(I), (D)-(III)

Answer

(A)-(II), (B)-(IV), (C)-(I), (D)-(III)

Explanation

Solution

The correct option is (D) : (A)-(II), (B)-(IV), (C)-(I), (D)-(III)