Chapter: Dissolution of Partnership Firm· Book-Keeping & Accountancy

In case of dissolution, assets and liabilities are transferred to _____ Account.

Q.1 (C) (1) In case of dissolution, assets and liabilities are transferred to _____ Account.

A. Bank

B. Partners’ Capital

C. Realisation

D. Partners’ Current

Doubtly Asked 29 Oct 2026 Board exam · March 2024 hsc 12th Save WhatsApp Report

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Answer: C. Realisation

Answer: (c) Realisation

On dissolution all assets (except cash/bank and fictitious assets) and outside liabilities are closed by transferring them to Realisation Account at book value.

Doubtly AI · 29 Oct 2026 AI-generated · not yet verified Report

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In case of dissolution, assets and liabilities are transferred to _____ Account.

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