what is realisation account??
what is a debenture?
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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.
Debenture- in corporate finance a debenture is a medium to-long-term debt. instrument used by large companies to borrow money, at a fixed rate of interest.
Debenture- in corporate finance a debenture is a medium to-long-term debt. instrument used by large companies to borrow money, at a fixed rate of interest.
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