At the time of dissolution:
A)all the assets are transferred to realization a/c
B)only current assets are transferred to realization a/c
C)non cash assets are transferred to realization a/c
D)only liquid and current asset are transferred to realization a/c

Question

Quizplus · Accepted Answer

At the time of dissolution, non-cash assets are transferred to the realization account to account for their disposal and conversion into cash or cash equivalents.

At the Time of Dissolution