Question

On disolution of firm the asset are tranferd to realisation account on what basis

Answer 1

Answer:

Explanation:

1] Realisation Account. 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 ...

Answer 2

Explanation:

an account of ascetic transferred to