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Realisation of Assets (Dissolution)

At the time o...

Question

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

A

Market

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B

Book

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C

Asset

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D

None of these

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Solution

The correct option is B
Book

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

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