Accountancy, asked by moushamsahani, 1 year ago

realisation account

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Answered by JennyaShivhare

Hey mate, here's ur answer,

A Realization Account is opened in order to find out any,profit or loss on realization of assets and making payment of liabilities. ... The balance of the Realization Account (Profit or Loss) is transferred to Partners' Capital Accounts in their profit sharing ratio.

Hope you will make my answer brainliest please please please please.

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