account is prepared at the time of the dissolution of the firm at the time assets are sold.

Revaluation

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Realisation

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Loan

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Capital

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Solution

The correct option is B Realisation
Realisation account is prepared at the time of the dissolution of the firm at the time assets are sold. Realisation account is similar in function to revaluation account.

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Similar questions

Q. account is prepared at the time of the dissolution of the firm during the sale of assets.

At the time of dissolution, all the assets of the firm are transferred to Realisation Account at ___________ values.

Realisation A/c is ____________ account prepared at the time of dissolution.

___________________ account is prepared to find out the net effect of realisation on various assets and payment of various liabilities in case of dissolution of firm.

Q. At the time of dissolution of the firm, The assets and liabilities appearing in the Balance sheet transferred to ____________ .

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account is prepared at the time of the dissolution of the firm at the time assets are sold.

The correct option is B RealisationRealisation account is prepared at the time of the dissolution of the firm at the time assets are sold. Realisation account is similar in function to revaluation account.

The correct option is B Realisation
Realisation account is prepared at the time of the dissolution of the firm at the time assets are sold. Realisation account is similar in function to revaluation account.