What is Realization Account?

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Realization account is opened on dissolution of a firm. The object of preparing this account is to determine gain (profit) or loss on the realization of assets and payment of liabilities.

kratos · Answer 1 · 2021-03-21T08:03:11+0000

Realization account is opened on dissolution of a firm. The object of preparing this account is to determine gain (profit) or loss on the realization of assets and payment of liabilities.

What is Realization Account?

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What is Realization Account?

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