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easyMCQCUET Accountancy 2025 30 May Shift 22026Accountancy
1 mark

All assets (except cash/bank and fictitious assets) are transferred to the ................... side of ................... Account.

  1. A
    Debit/Capital
  2. B
    Credit/Capital
  3. C
    Realization/Capital
  4. D
    Debit/Realization

Solution & Step-by-step Explanation

During the dissolution of a partnership firm, the ledger accounts of all balance sheet assets (excluding cash/bank balances and fictitious balances like accumulated losses) are formally closed by transferring them to the Debit side of the Realisation Account at their respective book values.

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All assets (except cash/bank and fictitious assets) are transferred to the ................... side of ................... Account.
A
Debit/Capital
B
Credit/Capital
C
Realization/Capital
D
Debit/Realization

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