MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Issued at Premium and Redeemed at Par

Objective typ...

Question

Objective type Questions.
Answer in one Sentence only.

Why is Realisation Account opened?

Open in App

Solution

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.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Objective type Questions.
Answer in one Sentence only.

When is Realisation Account opened?

Q. Objective type questions :-
Answer in one sentence only.

When is partner’s current account opened?

Q. Objective type Questions.
Answer in one Sentence only.

Which accounts are not transferred to Realisation Account?

Q. Objective type questions :-
Answer in one sentence only.

What is Final Accounts?

Q. Objective type questions :
Answer in one sentence only.

How would you adjust retiring partner’s share of goodwill without opening goodwill account?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Issued at Par and Redeemed at Par

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Issued at Premium and Redeemed at Par

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon