Realisation account can be prepared how many times during the life of a partnership firm?
Answer & explanation
Correct answer: option 1
Realisation is only prepared once during the life of a firm i.e. dissolution of a firm.
Realisation account can be prepared how many times during the life of a partnership firm?
Correct answer: option 1
Realisation is only prepared once during the life of a firm i.e. dissolution of a firm.