Question

Profit on Realisation Account is _______________to partners capital account
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Answer 1

Answer:

Realization Account is prepared at the time of dissolution of a partnership 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. In case of loss, the partners' capital accounts are debited and Realization A/c credited.

Explanation:

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