Accountancy, asked by rishabh1282, 11 months ago

what is realisation account​

Answers

Answered by kaalipavan
3

Answer:

Explanation:

Realisation Account- On dissolution of a firm, all the books of account are closed, all assets are sold and all liabilities are paid ofd. in order to record the sale of assets and discharge of liabilities, a nominal account is opened, named REALISATION ACCOUNT

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