Realisation A/c is debited with __________ on the dissolution of firm. Option 1: Transfer of all assets that are to be Realised Option 2: Transfer of all external Liabilities of the firm Option 3: Cash received on sale of assets Option 4: Any asset that was taken over by any one of partner

The answer is 'Transfer of all assets that are to be Realised'. View full solution:

CUET Accountancy - Realisation A/c is debited with __________ on the dissolution of firm. | PYQs + Solutions

CUET Accountancy 2023 11 June Shift 3

Partnership

Easy

Transfer of all assets that are to be Realised

Transfer of all external Liabilities of the firm

Cash received on sale of assets

Any asset that was taken over by any one of partner

✅ Correct Option: 1