Accountancy, asked by ameya6356, 4 months ago

Which liabilities is paid first of all,atlfter the sale of assets ?(+2commerce)

Answers

Answered by grewalmamta

Answer:

All the assets (except cash or bank balances) are transferred to the debit side, whereas all the liabilities (except bank overdraft) are transferred to the credit side of Realisation Account.

Explanation:

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