Question : All assets of the firm except cash/bank are transferred to Realisation A/c at _________.

Option 1: Book value

Option 2: Market value

Option 3: Present value

Option 4: Future value

Question : At the time of dissolution of partnership firm, fictitious assets are transferred to

Option 1: Capital Accounts of Partners

Option 2: Realisation Account

Option 3: Cash Account

Option 4: Partners’ Loan Account

Question : At the time of dissolution of the partnership firm, fictitious assets are transferred to :

Option 1: Capital Accounts of Partners

Option 2: Realisation Account

Option 3: Cash Account

Option 4: Partners' Loan Account

Question : At the time of dissolution of the partnership firm, fictitious assets are transferred to :

Option 1: Capital Accounts of Partners

Option 2: Realisation Account

Option 3: Cash Account

Option 4: Partners' Loan Account

Question : -----------------account is prepared at the time of dissolution of the partnership while ------------------account is prepared at the time of dissolution of the partnership firm.

Option 1: revaluation account and realisation account

Option 2: realisation account and revaluation account

Option 3: revaluation account and revaluation account

Option 4: Realisation account and realisation account