Question

At the time of death of partner realisation
acoount is prepared. True/False​

Answer 1

Answer:

False. False ...//////

Answer 2

Answer:

It is prepared to make necessary adjustments in the value of assets and liabilities. It is prepared for calculating net profit/ loss on realisation of assets and settlement of liabilities. It is prepared at the time of reconstitution of firm i.e. at the time of admission, retirement or death of a partner