Question 23 Not yet What is the journal entry when realization expenses are paid by the partner on behalf of the firm answered Marked out of 1.00 Flag question Dr. Cash account Cr. Realization account Dr. Partners capital account Cr. Realization account Dr. Realization account Cr. Partners capital account Dr. Realization account Cr. Cash account Question 22 Not yet What is the journal entry to record the capital deficiency of insolvent partner meet by other partners? answered Marked out of 1.00 P Flag question Dr. Insolvent partner capital account Cr. Solvent partners capital account None of the listed choices Dr. Solvent partners capital account Cr. Cash account Dr. Solvent partners capital account Cr. Insolvent partner capital account Question 21 Not yet answered If the incoming partner brings the amount of goodwill in cash and also a balance exists in the goodwill account, then the goodwill account is written off among old partners in: Marked out of 1.00 A > P Flag question Sacrificing ratio None of the listed choices Old profit sharing ratio New profit sharing ratio 22 Question 19 Not yet answered 42. Which among the following statements are correct? Statement No 1- Assets taken over by partner will shown on the credit side of the realization account Marked out of 1.00 F Flag question Statement No 2 - Assets taken over by partner will shown on the debit side of the partner's capital account Both statements are correct Statement No 2 is correct Both statements are not correct Statement No 1 is correct Question 20 Question 18 Not yet When assets are taken over by partner's in realization account with: answered Marked out of 1.00 Flag question Agreed amount None of these Settled amount Realized amount Question 17 Not yet Partners current account are opened when their capital accounts are: answered Marked out of 1.00 Flag question Fixed Fluctuating Both fixed and fluctuating None of these