Accountancy, asked by vaishnavharish22, 6 months ago

meaning of realisation and dissolution

Answers

Answered by Anonymous

1

Answer:

Realization Account is prepared at the time of dissolution of a partnership firm. This account is prepared to know the profit made or loss incurred at the time of dissolution of a firm. ... In last if total of credit side exceeds debit side, it means there is profit and that is transferred to partner's capital accounts.

Previous Question

Next Question

Similar questions

Math, 2 months ago

Reena scored 18 out of 25 marks in English, 36 out of 40 marks in Science and 75 out of 80 marks in mathematics. In which subject her percentage of marks is best?

Math, 2 months ago

а a " A bus covered distance of 140km in 2 1/2hours, find its speed...

Math, 2 months ago

Read the given extract and answer the questions that follow: The King of Siam had a peculiar habit. Instead of receiving gifts on his birthday he gave them. One year on his birthday not having anything else handy, he gave each of his daughters a green parrot in a golden cage. The princesses were very proud of their parrots and they spent an hour every day in teaching them to talk. Presently all...

Science, 6 months ago

who is the 6 th prime minister of india?

Science, 6 months ago

true or false q 2. Jute fibres are obtained from the stems of jute plants. 3. To make any fabric, fibres have to be first converted into yarns.

Math, 10 months ago

divide 15z3-30z2+6z-12 by (3z-6)...

English, 10 months ago

sentence from lower ...

Math, 10 months ago

an aeroplane flying at a height of 4000m from the ground passes vertically above another aeroplane. at that instance the angle of elevation are 60° and 45°.find the vertical distance between the plane. use root 3 =1.73...