Arrange the following steps in order of occurence in case of dissolution of partnership firm

(A) Entries of all the realised and taken over assets with all the payments and taken over liabilities in the realisation account.

(B) Transfer of all the assets and liabilities to the realisation account

(C) Transfer of realisation account profits and losses to partner’s capital account.

(D) Settlement of partner’s capital account.

Choose the correct answer from the options given below:

(B), (A), (C), (D)

The correct answer is Option (2) → 

(B), (A), (C), (D)