At the time of dissolution -
all the assets are transferred to Realisation Account
only current assets are transferred to Realisation Account
non-cash assets are transferred to Realisation Account
None of these
At the time of dissolution - non-cash assets are transferred to Realisation Account
At the time of dissolution, all the assets of the firm are transferred to Realisation Account at ___________ values.
Name the asset that is not transferred to the debit side of Realisation Account, but bring certain amount of cash against it disposal at the time of dissolution of the firm.
For settlement of a creditor by transfer of fixed assets to him, realisation account is ___