At the time of dissolution of a firm, how are bills receivable treated in the Realisation Account?

Correct answer: संपत्ति के रूप में डेबिट किया जाता है

Bills receivable are current assets of the firm. On dissolution, like other non-cash assets, they are transferred to the Realisation Account at their book value, so the Realisation Account is debited and the Bills Receivable Account is credited. Therefore, option A is correct. They are not liabilities or profits, and the debit is made because the asset is transferred for realisation, not because it is an ordinary expense. Exam tip: Assets transferred to the Realisation Account are debited, while external liabilities transferred to it are credited.