Match the following lists-

Choose the correct answer from the options given below.

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

The correct answer is option 2- A-III, B-II, C-IV, D-I.

* Dissolution of firm- On dissolution of a firm, its books of account are to be closed and the profit or loss arising on realisation of its assets and discharge of liabilities is to be computed. For this purpose, a Realisation Account is prepared to ascertain the net effect (profit or loss) of realisation of assets and payment of liabilities which may be is transferred to partner’s capital accounts in their profit sharing ratio.

* Reconstitution of firm- A Revaluation Account is outlined to determine net profit or loss on revaluation of assets and liabilities at the time of reconstitution of partnership firm..

* Partner's loan- Partner's loan is not an outsider liability. It is paid after outsider liability. It is paid by bank account. 

* Loan by a firm to partner- If firm has given any loan to partner then it is advance from the firm so it is a asset for the firm.