Accountancy, asked by PragyaTbia, 1 year ago

Credit balance in realisation account. Answer in a word / phrase / term.

Answers

Answered by Anonymous
1
Hey mate✌️✌️


Credit balance in realisation account.⤵️

Firm Loss.
Answered by dreamrob
0

• Credit balance in the Realisation Account is called Realisation Profit.

• Realisation means transferring of goods and investments into cash.

• The balance of the profit or loss is transferred into Partners Capital accounts. This is called a realization account.

• The realization account is a dissolved firm.

•If the credit balance is higher than the debit balance it means there is a gain on the realization of assets and losses.

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