On dissolution, all assets are transferred to realization account at ________.

Book value

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Market value

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Cost or market value, whatever is less

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Replacement value

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Solution

The correct option is A Book value
All assets are transferred at book value because the main purpose to open realization account is to ascertain the profit or loss due to realization of assets and liabilities. If assets are not recorded at book value actual profit or loss can not be ascertained

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

If book value of a fixed asset equals to market value or sale proceeds of a fixed asset then :

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