CBSE BOARD XII, asked by Nidaansari6, 1 year ago

19500 were realised from all assets except cash at bank where it should be written down on realisation account

Answers

Answered by agarwalanant561
0

As 19500 have been realised from the sale of assets, cash has been received.

Hence, journal entry will be

Cash A/c ....Dr

        To Realisation A/c

(Being assets realised)

Hence, it will be shown on CREDIT side of Realisation A/c.

Similar questions