Question

Effects of creditor in realisation account

Answer 1

HEY....

U R ANSWER ...

⏬⏬⏬⤵⤵⤵

CREDITORS WRITTEN IN CR SIDE OF REALISATION ACCOUNT...

IF CREDITORS PAID...

THEN WRITTEN IN DR SIDE OF REALIZATION AC.

MAYBE IT HELPS YOU ☺☺☺☺

Answer 2

] Realisation Account. The object of preparing Realisation account is to close the books of accounts of the dissolved firm and to determine profit or loss on the Realisationof assets and payment of liabilities. It is prepared by: Transferring all the assets except Cash or Bank Account to the debit side