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realization account... never heard but what i know if you sold something like equipment.. that equipment was realized.. so realization took place there
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∙ 13y ago
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What is difference between revaluation account and realization account?
Revaluation account and Realisation account both are nominal account. the purpose of revaluation account is taking the effect of fluctuations in asset & liabilities in their books while purpose of realisation account is to closing the books of accounts of a comapany or a firm. Revaluation a/c is made when any fluctuation in value of an asset takes place. realisation a/c is made at the time of liquidation of a company or a firm.
What is realisation account?
When company goes to liquidation process then realization account is created which is a temporary account and all assets and lialibilities are realized through this account and after realization there may be surplus or defeciancy in realization account.
Is capital account is real account or nominal account?
Real Account
Is debtor account a real account?
Yes, it is a real account
Is Sales Account nominal or real account?
real accounts
What is difference between revaluation account and realization account?
Revaluation account and Realisation account both are nominal account. the purpose of revaluation account is taking the effect of fluctuations in asset & liabilities in their books while purpose of realisation account is to closing the books of accounts of a comapany or a firm. Revaluation a/c is made when any fluctuation in value of an asset takes place. realisation a/c is made at the time of liquidation of a company or a firm.
What is realisation account?
When company goes to liquidation process then realization account is created which is a temporary account and all assets and lialibilities are realized through this account and after realization there may be surplus or defeciancy in realization account.
What do you mean by realisation?
Realisation
Is capital account is real account or nominal account?
Real Account
Is debtor account a real account?
Yes, it is a real account
Is Sales Account nominal or real account?
real accounts
Why real account is called real account?
Because these are the only accounts which have real existance like cash account and bank account other accounts are just in books of accounts and no real physical existance.
Is Investment Account a Real Account?
it is a personal account
Is investment account real account?
it is a personal account
What is Zayn Malik's real account?
zayn's real twitter account is @zaynmalik
Is Georgia Groome's real Twitter account georgiagroome?
Yes, that is her real account.
Is depreciation real or nominal account?
It is a real contra account. The nominal account associated with depreciation is depreciation expense.
