Accountancy, asked by suru839, 1 year ago

in which nature realisation account exist

Answers

Answered by Nawaz0917
1
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 Realisation of assets and payment of liabilities. It is prepared by: Transferring all the assets except Cash or Bank Account to the debit side of the account.

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