Question

The balance of Realisation A/c is shared by _______.
All Partners
Insolvent Partner
Solvent Partner
Creditors.​

Answer 1

Answer:

Your question answer

Explanation:

Marks mi brainliest

Answer 2

The balance of realization account is shared by "All Partners"

• Sometimes due to certain reasons a partnership firm decides to discontinue its business. It is called the dissolution of a partnership.
• When the firm is being dissolved, the partners need to pay off all the liabilities as well as clear all the assets. After paying off debt and selling off assets, the balance (profit or loss) is determined in the Realization account.
• This balance is divided between all the partners in their profit sharing ratio.
• In case there is an insolvent partner, his deficiency is suffered by solvent partners.