1.

Write the word / term / phrase, which can substitute the following statements.Debit balance in realisation account.

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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