Question

what is unrealisable profit in departmental account​

Answer 1

Answer:

Definition. Profit which has been made but not yet realized through a transaction, such as a stock which has risen in value but is still being held. Unrealized profits are usually not taxable. also called unrealized gain or paper gain or book profit.

Explanation:

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Answer 2

Answer:

Asset of another company where purchase for a consideration of 50,000 payable in shares State the basis of accounting on which receipts and payments account is none prepared in case of ' not for profit organisation '. Opening Inventory ₹1,00,000; Closing Inventory

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