Accountancy, asked by Anonymous, 8 months ago

realisation account format

Answers

Answered by Anonymous

Answer:

When assets are sold cash/bank A/c is debited and Realization A/c credited. On settling the liabilities Realization A/c is debited and Cash/Bank A/c is credited. In last if total of credit side exceeds debit side, it means there is profit and that is transferred to partner's capital accounts.

Explanation:

Previous Question

Next Question

Similar questions

Physics, 3 months ago

Q3. Which mirror is shown in the given ray diagram? Write the properties of the image.

Math, 3 months ago

Find the ratio of the following (a) 550 ml to a litre ...

Physics, 3 months ago

Nikita completed a journey from a place A to another place B by her car. The given graph shows the speed variations with time over the journey. The average speed between 10: 15 am is 11: 05 am...

Biology, 8 months ago

The photosynthetic pigments are organized into two discrete light harvesting complexes (LHCs) within the photosystem I and II. a. What is the advantage of having more than one pigment in the LHC? b. What forms the reaction center in PS I and PS II, respectively? c. Why are the photosystem named I and II? d. Write down the value indicated by the LHCs of photosystems.