The cash realized from the sale of asset on dissolution of partnership is

Debited to cash account and credit to asset account

Credited to cash account and debited to asset account

Debited to cash account and credited realisation account and credited to realisation account

Credited to cash account and debited to realisation account

Debited to realisation account abnd credited to asset account

Correct answer is C

No explanation has been provided for this answer.

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