All assets (except cash/bank and fictiti

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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 _____ side of _____ Account.

Options:

Debit/Capital

Credit/Capital

Realization/Capital

Debit/Realization

Correct Answer:

Debit/Realization

Explanation:

The correct answer is Option (4) → Debit/Realization