4))If the goodwill account is raised for OMR 30,000, the amount is debited to:

a.

None of these are correct

b.

Cash account

c.

The capital accounts of partners

d.

Goodwill account

5)On dissolution of the firm, partners capital accounts are closed through

a.

Realization account

b.

Balance sheet account

c.

Partners capital account

d.

Bank account