Arrange the following in the correct sequence for the purpose of preparing Realisation account.
(A) Settlement of Unrecorded Assets and Liabilities
(B) Transfer of Assets and Liabilities to Realisation A/c
(C) Transfer of Profit and loss on Realisation
(D) Sale of Assets and Payment of Liabilities
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) →
(B), (D), (A), (C)