Advertisements
Advertisements
प्रश्न
Why is the balance at bank never transferred to the realisation account on the dissolution of a partnership?
लघु उत्तरीय
Advertisements
उत्तर
The realisation account is opened at the time of a firm’s dissolution to record the sale of assets, settlement of liabilities, and to calculate any resulting profit or loss. Since cash at bank is already a realized asset and does not lead to any gain or loss, it is not included in the realisation account.
shaalaa.com
क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
