In the case of the Dissolution of partnership firm, which accounts are opened:

(A) Realization Account

(B) Revaluation Account

(C) Partners Capital Account

(D) Bank Account

When a partnership firm is dissolved, the following accounts are opened:

Realization Account (A): This account is specifically opened at the time of dissolution to record:

• Transfer of all assets (except cash/bank)
• Transfer of all liabilities (except partners' capital/loans)
• Realization expenses
• Sale proceeds of assets
• Payment to external liabilities
• Profit or loss on realization

Partners' Capital Accounts (C): These accounts continue to exist and are used to:

• Transfer the profit/loss on realization
• Settle the final amounts due to or from partners

Bank Account (D): This account is used to record all cash and bank transactions during the dissolution process, such as:

• Receipt from sale of assets
• Payment to creditors
• Payment of realization expenses
• Final settlement with partners

Revaluation Account (B) is NOT opened during dissolution. Revaluation Account is opened during reconstitution of the firm (admission, retirement, or death of a partner) to adjust the values of assets and liabilities. During dissolution, we don't revalue - we actually sell the assets and realize their actual values, which is recorded in the Realization Account.

Therefore, the accounts opened are (A), (C) and (D) only.

Correct Answer: Option 4