why don't we take cash and bank accounts into realisation
a/c
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Answer Posted / pradip kumar singh
A REALISATION Account is prepared on the dissolution of a
partnership firm.This account is prepared to find out the
profit or los on scale of assets and reypament of
liabilies..Cash and bank balance are not tranferred to
realisation account...coz only those assets which can be
converted into cash are transferred....cash and bank balance
are recorded seperately in cash or bank account..
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