at the time of dissolution ,non cash assets are credited with:-a)market value b)book value c)as agreed among partners d)none - Accountancy - Dissolution of Partnership Firm

Question

at the time of dissolution ,non cash assets are credited
with:-a)market value b)book value c)as agreed among partners d)none
of the above

Rachna Puneet Mehta · Accepted Answer

Dear student
at the time of dissolution non cash assets are credited with book
value its a rule that all the accounts are closed by transferring
it to realisation account at their book value (b) option is
correct
Regards

at the time of dissolution ,non cash assets are credited with:-a)market value b)book value c)as agreed among partners d)none of the above