Question

All assets (except cash/bank and fictitious assets) are transferred to the __ (Debit/Credit) side of __Account (Realisation/Capital).

Answer 1

All assets except cash are transferred to the debit side of Realisation account .

Answer 2

All assets except cash  are transferred to the Debit side of Realisation Account .

Realisation account prepared when dissolution of partnership , where all assets and liabilities are taken over from balance sheet and closing their ledger accounts by giving effect in realisation account