The order to be followed in preparation of the realisation account is

(A) Realisation of the assets

(B) Transfer assets and liabilities to realisation account

(C) Ascertainment of profit or loss on realisation

(D) Payment of liabilities

Choose the correct answer from the options given below:

Question

The order to be followed in preparation of the realisation account is

(A) Realisation of the assets

(B) Transfer assets and liabilities to realisation account

(C) Ascertainment of profit or loss on realisation

(D) Payment of liabilities

Choose the correct answer from the options given below:

YESPYQ · Accepted Answer

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The order to be followed in preparation of the realisation account is (A) Realisation of the assets (B) Transfer assets …