On dissolution of a partnership firm, on which side of the Realisation Account is the payment of liabilities recorded?

Correct answer: डेबिट पक्ष

In the Realisation Account, liabilities paid are recorded on the debit side because payment creates an expense or charge against the firm during dissolution. The credit side generally records the realisation of assets and liabilities transferred to the account. Exam tip: Remember that assets transferred are debited, liabilities transferred are credited, and liabilities actually paid are debited in the Realisation Account.