Question

86. The unpaid balance of capital will represent
a) Loss on realisation b) profit on realisation c) both d) none of the above

Answer 1

Answer:

loss on realisation

Explanation:

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Answer 2

Answer:

The unpaid balance of capital will represent a Loss on realisation.

Explanation:

When assets are sold for less than they were originally purchased for, a realised loss is the loss that is recorded. When an asset that was purchased for a price below its book value is distributed, this is referred to as a realised loss. Take the difference in the total consideration received and deduct the cost basis to arrive at the realised gain or loss. Positive differences represent realised gains. A realised loss has been realised if the difference is negative. When a loss on realisation occurs, the account is debited. To determine the profit or loss resulting from the realisation of assets and liabilities is the primary goal of opening a realisation account.

Thus, unpaid balances are the entire amount that is still owed on a loan or credit card after the previous payment period.