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Home Questions E4EAGSTZDS
Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Dissolution of Partnership Firm

Question:

The order to be followed in preparation of realization account is.

(A) Realization of the assets.
(B) Transfer assets and liabilities to realization account.
(C) Ascertainment of profit or loss on realization.
(D) Payment of liabilities.

Choose the correct answer from the options given below:

Options:

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

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

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

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

Correct Answer:

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

Explanation:

The correct answer is Option (3) → (B), (A), (D), (C)

CUET Questions