Question

which of the following is not transferred to realisation account 1 balance of profit and loss account 2 advertisement suspense 3 all of these 4 partners loan ​

Answer 1

Answer:

Partners' loan....

Explanation:

Partners' loan is not transferred to realisation A/c. Instead, another account is created, or directly entered in cash book and paid

Answer 2

Answer:

partners loan

Explanation:

A loan from partners is not moved to account for realization. Instead, a different account is opened, or money is paid straight into the cash book.

realization account:

An account formed upon the breakup of a partnership business is known as a realization account. Calculating profit or loss on the dissolution of a partnership business is the purpose of creating a realization account. In this account, the transactions pertaining to the realization of assets and the payment of obligations are documented.

What kind of account Account for realization is-

Nominal account:

• To keep track of the sale of these assets and the payment of liabilities, a nominal account called the Realisation account is established. This account aids in determining the firm's profit or loss as a result of the realization of assets and liabilities at the time of company closure.
• A realization account is also known as a nominal account.
• It keeps track of when assets are sold and when liabilities are settled. When a business dissolves, this account is created once in a lifetime. After creating a realization account, the accounts for assets and liabilities are closed.

realization account prepared:

To prepare it, move all of the assets—aside from cash and bank accounts—to the account's debit side. transferring all obligations to the account's credit side, with the exception of the partners' loan accounts and capital accounts. crediting the account with the asset sale receipt.