Question

in dissolution closing balance if cash is nil it is true or false​

Answer 1

Answer:

(ii) On dissolution of a firm, the firm is not closed. (iii) Any amount realised from the unrecorded asset is credited to Realisation Account. ... (vi) In dissolution, closing balance of Cash Account will be nil at the end. (vii) All assets inculsive of cash are transferred to the Realisation Account.

True

Answer 2

that is true

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