The expenses of Realisation are _______________ Realisation A/c.

Q. When we pay realisation expenses, we debit the account and credit the account.

Q. When some expenses are incurred and paid by the firm in the process of realisation of assets and payment of liabilities, __________ A/c is debited and _________ A/c is credited.

Q. Select the most appropriate alternative from those given below :

Dissolution expenses are credited to _____________A/c.
a) Realisation A/c
b) Cash/Bank A/c
c) Partner’s Capital A/c
d) Partner’s Loan A/c

Q.

When the realisation expenses are to be borne by a partner, it is credited to ___________

Q. In case of profit on realisation, ________ A/c is debited and ________ A/c is credited.