(1) Answer: Dissolution Expenses / Realization Expenses

(2) Answer: Gross Profit Ratio

(3) Answer: Legacies

(4) Answer: Nominal partner.

(5) Answer: Retirement of Bill of Exchange

(1) Answer: Rs. 90,000

(2) Answer: 1881

(3) Answer: 5:2

(4) Answer: at discount

(5) Answer: 14th August, 2016

(1) Answer: False

(2) Answer: True

(3) Answer: False

(4) Answer: False

(5) Answer: True