Question

on dissolution all assets are transferred to realisation account at ​

Answer 1

Explanation:

All assets are transferred at book value because the main purpose to open realization account is to ascertain the profit or loss due to realization of assets and liabilities. If assets are not recorded at book value actual profit or loss can not be ascertained. How satisfied are you with the answer?

Answer 2

All assets are transferred at book value because the main purpose to open realization account is to ascertain the profit or loss due to realization of assets and liabilities