WHY DON'T WE TAKE BANK AND CASH ACCOUNTS INTO REALISATION
Answer Posted / 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.
Is This Answer Correct ? | 7 Yes | 0 No |
Post New Answer View All Answers
Tell us what is the abbreviation for the accounting terms debit and credit?
Differentiate between provision and reserve?
What was your average accounts receivable days outstanding/days sales outstanding?
what is service tax & excise? How will it be charged?
What is meant by calendar maintenance?
Cheque rs 1400 received from Charles in settlement of a debit of rs 1500 returned dishonored
what is a difference between public and private accounting?
How to show Airticket Expense on Company's A/c as Company expense
Which accounting applications are your familiar with?
what is opening stock formula?
In tally when accounts with inventory ,when working in units of measurement under this after creating unit ,if we want to change the unit due to some mistake why does the cursor does not stop in the decimal field? And why the used units do not get deleted in the alter section?
Entry Tax is Central Income or State Income. Which Challan this tax deposited ? In Sale Tax Return which column is shown this tax
How the MIS format made up in XL.
How to make a entry in tally for Land & Building Purchased for RS.1,65,00,000/-(Total Consideration)Paid Installment wise as 30 lakh,10 lakh,20 lakh & 1,30,87,500
what are the adjustments and treatment with connection to the profit and loss appropriation accounts and how they do?