Question

D Answer in one setences only:
4. Which account is debited on payment of dissolution expenses?
5. What is over subscription of shares?​

Answer 1

Answer:

$\huge\colorbox{orange}{Answer.1}$

On payment of dissolution expenses, Realisation Account is to be debited. These are a firm's expenses and should be paid by the firm. However, when such expenses are paid by the firm on behalf of a partner, then the Concerned Partner's Capital Account is debited.

$\huge\colorbox{orange}{Answer.2}$

Oversubscribed refers to an issue of securities where demand exceeds the available supply. An oversubscribed IPO is indicates that investors are eager to buy the company's shares, leading to a higher IPO price and/or more shares offered for sale.