Question

Which accounts are not transferred to Realisation Account? (Answer in one sentence)

Answer 1

HEY..

U R QUESTION IS WRONG....

Answer 2

The following accounts cannot be transferred to realisation account:

1) Cash account

2) Partner's loan account

3) Partner's capital accounts

4) Reserve fund

5) Bank overdraft

Realisation account is that account which is used to calculate profit or loss on the sale of assets and payment of liabilities. It is a nominal account and is prepared at the time of dissolution of a firm.