Q2105
In the case of dissolution of a firm, which one of the following statements is correct?
A.
All the types of assets are not transferred to Realisation A/c
AnswerB.
Accumulated Profit & Loss is transferred to Realisation A/c
C.
All the types of assets are transferred to Realisation A/c
D.
Contingent liabilities are transferred to Realisation A/c
Answer: Option A
Solution
Answer: Option A
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