Question

what is mean of realisation account ​

Answer 1

Answer:

The realision account is an account which can firm dissolution the record of profit of sale

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Answer 2

Explanation:

Definition Of Realisation Account :

Realisation account refers to an account opened by the firm when it goes to dissolution to record the profit made from the sale of assets and loss suffered on the settlement of liabilities. ... All the assets and external liabilities are transferred to this account except: Cash in hand.