Accountancy, asked by ranawatbanna121, 7 months ago

Realisation account is a​

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Answered by tayoubashaik
0

A nominal account, known as the Realisation account is created to record the sale of such assets and the discharge of the liabilities. This account helps in ascertaining the profit or loss of the firm due to realisation of assets and liabilities at the time of termination of the business.

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