There are two statements marked as Assertion (A) and Reason (R). Mark your answer as per the options given below.

Assertion (A): After the dissolution of firm, the bank account or cash account of the firm will have a nil balance.
Reason (R): Assets whether recorded or unrecorded, are credited to realisation account when realised.

Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).

* For realisation of any unrecorded assets including goodwill, if any, the journal entry will be-
   Bank A/c Dr.
      To Realisation A/c
* For sale of assets,the journal entry will be-
    Bank A/c Dr.
       To Realisation A/c
* The aggregate amount finally payable to the partners must equal to the amount available in bank and cash accounts. Thus, all accounts of a firm are closed in case of dissolution and bank or cash account also show nil balance.