Question

9) What is the Type name of Realisation A/c?
(a) Balance sheet (b) Personal A/C
(c) Real A/c (d) Nominal A/C​

Answer 1

Answer:

Realisation and revaluation accounts are Nominal accounts. For a nominal account it should be either a expense, income, loss or gain. In the realisation account we calculate profit or loss on sale of assets and payment of liabilities.

Answer 2

Answer:

the type of realisation A/C÷

b) personal A/C