under what circumstances, a realisation account is prepared. tell all the situ

under what circumstances, a realisation account is
prepared. tell all the situations

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under what circumstances, a realisation account is prepared. tell all the situations ..

Answer / gayatri - hubli

REALIZATION A/C IS PREPARED AT THE TIME OF WINDING UP OF THE
CO. TO REALIZE THE VALVE OF TOTAL ASSETS & LIABILITIES. TO
KNOW AMOUNT RECEIVABLE & AMOUNT PAYABLE.

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