State whether the following statements is True or False.At the time of

1.	State whether the following statements is True or False.At the time of dissolution of Partnership Firm all assets should be transferred to Realisation A/c.OptionsTrueFalse
Answer» False Explanation: All assets except the cash or bank balances are transferred to the Realisation Account. Therefore, the given statement is incorrect.

State whether the following statements is True or False.At the time of dissolution of Partnership Firm all assets should be transferred to Realisation A/c.OptionsTrueFalse

Answer»

False

Explanation: All assets except the cash or bank balances are transferred to the Realisation Account. Therefore, the given statement is incorrect.