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प्रश्न
When is Realisation Account opened?
पर्याय
Dissolution of a partnership firm.
Retirement of partner
Admission of partner
None of the above
MCQ
उत्तर
Admission of partner
Explanation:
When a partnership firm dissolves, a Realisation Account is established. The assets and liabilities are transferred at their book values in this account. In addition, the firm's assets and liabilities are realised.
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