Accountancy, asked by tejaskadam8606, 4 months ago

Assets and liabilities are trensferred to realisation account at their …....Values.

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Answered by mera1211

Answer:

Assets and liabilities are transferred to Realisation Account at their book value. Explanation: In order to determine the correct amount of profit or loss on the eve of dissolution of a partnership firm, all assets and liabilities are transferred to the Realisation Account at their book values.

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