Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Dissolution of Partnership Firm

Question:
Realisation expenses are recorded in which side of Realisation A/c:
Options:
Debit Side
Credit Side
Any Side
None of the above
Correct Answer:
Debit Side
Explanation:
When some expenses are incurred and paid by the firm in the process of realisation of assets and payment of liabilities:
Realisation A/c Dr.
To Bank A/c