After transferring liabilities like creditors and bills payables to the Realisation Account, in the absence of any information regarding their payment, such liabilities are treated as:

Fully Paid

Correct answer: Option (2) → Fully Paid

Concept: Payment of liabilities on dissolution, per Dissolution of Partnership Firm.

Once liabilities such as creditors and bills payable are transferred to the Realisation Account, if no information is given about the amount actually paid, they are assumed to be discharged in full – i.e. treated as fully paid at their book value. Hence Option (2).