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Posted by Neha Kumari 5 years, 8 months ago
- 5 answers
Saksham Sachdeva 5 years, 8 months ago
If any firm is going to close then realisation of assets or for sale of assets and for closing the whole books of firm we transfer all assets and liabilities which is not related to partners like partner's loan a/c , capital a/c etc.
Then all payments of liability and sale of assets are taken into realisation a/c
Shashi Ramachandran 5 years, 8 months ago
To settle all the liabilities and to realise assets to close the books of accounts at the time of dissolution
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Palak Jain 5 years, 8 months ago
0Thank You