Discussion Forum : Dissolution Of A Partnership Firm
Question -


On dissolution of partnership, the realisation account is debited with :

Options:
A .   All the liabilities of the firm
B .   Cash received from the sale of assets
C .   All assets to be realised
D .   Any asset taken over by one of the partners.
Answer: Option C
:
C

On dissolution of partnership, the realisation account is debited with all assets to be realised.



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