Match the following list 1 with list 2 regarding the dissolution of partnership firm.

1) b, 2) d, 3) c, 4) a

* Partner's Capital accounts are closed through- Partner's capital account are closed in the last through bank account. Any deficiency or surplus of cash is adjusted. No balance will be left in this account in the end.

* Accumulated reserves are transferred- Accumulated reserves are transferred to partner's capital A/c. Journal entry for this-
Accumulated reserves A/c Dr.
         To Partner's Capital A/c

* Assets are sold off through- When assets are sold, the amount received is recorded in the Bank Account, and the corresponding value of the assets is transferred to the Realisation Account.
Bank Account Dr.
         To Realisation Account

* Separate account for loan of partner-  Partner's loan is not transferred to realisation account but a separate account named partner's loan account is made and this loan is paid separately because it is not outsider liability. Journal entry for this-
Partner's loan A/c  Dr.
         To Bank A/c