Accountancy, asked by vishakhabanait12, 17 days ago

prepared realisation partners capital and bank account

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Answered by rn817147
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Answer:

Realisation Account

It is prepared by: Transferring all the assets except Cash or Bank Account to the debit side of the account. Transferring all the liabilities except Partner's Loan Account and Partners' Capital Accounts to the credit side of the account. Crediting the Receipt on the sale of assets to the account.

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