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At the time of dissolution, all assets are transferred to Realisation Account at their ______. -

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Question

At the time of dissolution, all assets are transferred to Realisation Account at their ______.

Options

  • Realised value

  • Market value 

  • Book value

  • Cost or market price whichever is less.

MCQ
Fill in the Blanks

Solution

At the time of dissolution, all assets are transferred to Realisation Account at their Market value.

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