Dissolution expenses are credited to _____ account.
Q.1 (A) (4) Dissolution expenses are credited to _____ account.
A. Realisation
B. Cash/Bank
C. Capital
D. Loan
1 answer
Best answer
Answer: B. Cash/Bank
Answer: (b) Cash/Bank
When the firm pays the dissolution (realisation) expenses, the entry is Realisation A/c Dr. To Cash/Bank A/c. So the expenses are debited to Realisation Account and credited to Cash/Bank Account.
Doubtly AI
· 28 Oct 2026
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