Accountancy, asked by shaikhshama226, 5 months ago

If there is a provision (RDD)against the debtors ,such debtors are transferred to the realisation a/c on amalgamation,at

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Answered by mayank1915

Answer:

Realisation account is prepared to find out the profit or loss on realisation of assets and payment of liabilities.To calculate the actual profit or loss it is necessary that all the assets should be transferred to realisation account at its gross figure. That's why provision is not shown as a deduction from debtors.It is transferred to credit side of realisation account like other liabilities.

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