why don't we take cash and bank accounts into realisation
a/c
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Answer / dasappa.s
Cash & Bank is not a kind its is a money which can't
revalued at the time of realization a/c. It is an account
prepared to know the realized value of an asset which can be
convertible into cash.
| Is This Answer Correct ? | 15 Yes | 3 No |
Answer / pradip kumar singh
A REALISATION Account is prepared on the dissolution of a
partnership firm.This account is prepared to find out the
profit or los on scale of assets and reypament of
liabilies..Cash and bank balance are not tranferred to
realisation account...coz only those assets which can be
converted into cash are transferred....cash and bank balance
are recorded seperately in cash or bank account..
| Is This Answer Correct ? | 8 Yes | 0 No |
Answer / deepak n. kolekar
Because, We consider cash and bank A/c as a curent account
in the balance sheet. Cash or Bank cannot be revalued and
more fluctuating current assets than any other which could
not transferred with a steady fixed amount.
| Is This Answer Correct ? | 2 Yes | 2 No |
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