Realisation from sales is shown in which side of bank account?

Debit

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Q. Select the most appropriate alternative from those given below :

Assets and liabilities are transferred to Realisation Account at their ____________values.
a) market
b) purchase
c) sale
d) book

Q. X, Y and Z carrying on business as merchants and sharing profits and losses in the ratio of 2 : 2 : 1 ,dissolved their firm as at 31st March, 2018 on which date their Balance Sheet was as follows:


Liabilities		₹	Assets		₹
Sundry Creditors		41,500	Cash at Bank		22,500
Bills Payable		20,000	Stock		80,000
Bank Loan		40,000	Debtors	50,000
General Reserve		50,000	Less: Provision for Doubtful Debts	2,500	47,500
Investments Fluctuation Reserve		40,000	Investments		55,000
Capital A/cs:			Premises		1,51,500
X	75,000
Y	75,000
Z	15,000	1,65,000


		3,56,500			3,56,500

A bill for ₹ 5,000 received from Mohan discounted from bank is not met on maturity.
The assets except Cash at Bank and Investments were sold to a company which paid ₹ 3,25,000 in cash.The Investments were sold and ₹ 56,500 were received. Mohan proved insolvent and a dividend of 50% was received from his estate . Sundry Creditors (including Bills Payable) were paid ₹ 57,500 in full settlement. Realisation Expenses amounted to ₹ 15,000.
Prepare Realisation Account , Partners' Capital Accounts and Bank Account .

For sale of assets, realisation account is __________.

The opening balance of bank is shown in which side of the bank account?

in question number 27 of ts grewals dissolution of partnership firm, why arent the realisation expenses shown in the dr side of realisation a/c as by anjus capital ?

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