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State whether the following statements is True or False.

At the time of dissolution of Partnership Firm all assets should be transferred to Realisation A/c.

Options

  • True
  • False

1 Answer

+1 vote
by (31.4k points)
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Best answer

False

Explanation: All assets except the cash or bank balances are transferred to the Realisation Account. Therefore, the given statement is incorrect.

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