Accountancy, asked by khansha15, 18 days ago

why realisation account open

Answers

Answered by shajahanshameera

Realisation Account is opened to determine the amount of profit or loss from the realisation of assets and payment of liabilities at the time of dissolution of a partnership firm.

Answered by gvharisaran

Answer:

Realisation Account is opened to determine the amount of profit or loss from the realisation of assets and payment of liabilities at the time of dissolution of a partnership firm.

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