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Write the word / term / phrase, which can substitute the following statements.Debit balance in realisation account. |
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Answer» Realisation Loss Explanation: Debit balance in Realisation Account is regarded as ‘Loss on Realisation’. It arises when the debit side of Realisation A/c is more than its credit side. This loss is borne by all the partners’ in their profit-sharing ratio. |
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