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Dissolution vs Retirement

All assets ex...

Question

All assets (except cash/bank and fictitious assets) are transferred to the ___ side of Realisation Account.

A

None of these

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B

Not sure

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C

Credit

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D

Debit

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Solution

The correct option is D
Debit

All assets (except cash/bank and fictitious assets) are transferred to the debit side of Realisation Account.

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