Question

Mention two objectives of realisation account

Answer 1

•To find out the Profit or Loss on Realization of Assets and Payment of Liabilities . 

•A Realization Account is opened for Disposing Off all the Assets of the Firm and making payment to All the Creditors. 

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Answer 2

Explanation:

1.Disposing Off all the Assets of the Firm and making payment to All the Creditors. 2.) To find out the Profit or Loss on Realization of Assets and Payment of Liabilities....

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