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At the time of dissolution , all the assets of firm are transferred to the realization account at?
market value
book value
cost value
bale value
When a firm is in a situation of dissolution then all the assets and liabilities are transferred to realisation account at their book value.
Book value is referred as the value of assets and liabilities that is recorded in the firm's balance sheet.
Book value of all the assets and liabilities are transferred to the realisation account for calculating the true value of profit and loss on the occasion of dissolution of the firm
By: SWAPNIL AGGARWAL ProfileResourcesReport error
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