Question

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Question-

What are five things that are shown in realisation account of liability side ?​

Answer 1

Answer:

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$<font color= "Black"> Realisation and revaluation accounts are Nominal accounts. For a nominal account it should be either a expense, income, loss or gain. In the realisation account we calculate profit or loss on sale of assets and payment of liabilities.$

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Answer 2

Explanation

Realisation and revaluation accounts are Nominal accounts. For a nominal account it should be either a expense, income, loss or gain. In the realisation account we calculate profit or loss on sale of assets and payment of liabilities.