An account opened to find out the Profit or Loss on Sale of Assets and Settlement of Liabilities.

Question 1

Write the word / term / phrase, which can substitute the following statements.

Question 2

Realisation Account

Explanation: Realisation Account is opened to find out the profit or loss on sale of assets and settlement of liabilities at the time of dissolution of the firm.

kratos · Answer 1 · 2020-01-11T04:37:42+0000

Realisation Account

Explanation: Realisation Account is opened to find out the profit or loss on sale of assets and settlement of liabilities at the time of dissolution of the firm.

An account opened to find out the Profit or Loss on Sale of Assets and Settlement of Liabilities.

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1 Answer

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An account opened to find out the Profit or Loss on Sale of Assets and Settlement of Liabilities.

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1 Answer

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