During the dissolution of a firm, what is the main purpose of recording the proceeds from the sale of assets and the payment of liabilities and dissolution expenses in the Bank Account?

Correct answer: वास्तविक नकद प्राप्तियों और भुगतानों का अभिलेख रखना — To record actual cash receipts and payments

During dissolution, cash received from selling assets and cash paid for liabilities and expenses are recorded in the Bank Account because it shows the firm’s actual cash movements. In contrast, the Realisation Account is used to determine the profit or loss arising from the settlement of assets and liabilities; it is not the account for maintaining the cash balance. Exam tip: distinguish the profit or loss in the Realisation Account from the actual cash transactions in the Bank Account.