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Select the Most Appropriate Alternative from Given Below and Rewrite the Statement : Assets and Liabilities Are Transferred to Realisation Account at Their __________ Values. - Book Keeping and Accountancy

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Question

Select the most appropriate alternative from given below and rewrite the statement :

Assets and Liabilities are transferred to Realisation Account at their __________ values.

Options

  • market

  • purchase

  • sale

  • book

MCQ
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Solution

Assets and Liabilities are transferred to Realisation Account at their book values.

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2016-2017 (July) Set 1

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