Accountancy, asked by ny667143, 7 months ago

Mention two objectives of realisations account

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Answered by is3131117

Answer:

Amalgamation is the process of two or more companies joining to form a new company. The main purpose to open Realisation Account is to ascertain the profit or loss due to the realisation of assets and liabilities. Amalgamation is the process of two or more companies joining to form a new company.

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