Realisation account

Accountancy

Does company prepare realisation account during it's liquidation to close the books ?

Atharv Sankliya

CA Final

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30-May-23 17:32

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Answers (3)

No It is only prepared during reconstruction Or partnership or amalgamation

Surya Prakash

CA Final

★ 19K+

30-May-23 19:44

Surya Prakash

No It is only prepared during reconstruction Or partnership or amalgamation

Then how the balance of all the ledger account are settled during the liquidation process

Thread Starter

Atharv Sankliya

CA Final

★ 3K+

30-May-23 19:46

Statement of Affairs is prepared

Surya Prakash

CA Final

★ 19K+

30-May-23 19:55