All assets except cash/bank and fictitio

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Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Dissolution of Partnership Firm

Question:

All assets except cash/bank and fictitious assets are transferred to the Debit side of the _____ Account.

Options:

Realisation Account

Capital Account

Revaluation Account

Current Account

Correct Answer:

Realisation Account

Explanation:

The correct answer is Option (1) → Realisation Account