WHY DON'T WE TAKE BANK AND CASH ACCOUNTS INTO REALISATION
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Answer / faisal saddiq
becouse cash in business or in bank is already in liquid
form.Realisation is possible for those item which is not in
cash form therefor if liquidation of partnership occure the
non liquid item convert into cash.
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Answer / divya s k
realisation implies the cash received from
realising.i.e.selling an asset. since cash & bank are in the
form of cash, it cannot be sold as such.
| Is This Answer Correct ? | 2 Yes | 0 No |
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