All assets except cash/bank and fictitious assets are transferred to the Debit side of the ______ Account during dissolution.
- ARealisation Account
- BCapital Account
- CRevaluation Account
- DCurrent Account
Solution & Step-by-step Explanation
During the dissolution of a partnership firm, all realizable assets (excluding cash balance, bank balance, and fictitious assets like accumulated losses) are closed by transferring them to the debit side of the Realisation Account at their book values.