Which of the following will not be shown in Realisation Account ?
Which of the following will not be shown in Realisation Account ?
Solution
✅ Correct Option: 3
Partner's Loan to the firm is a separate liability and is not transferred to Realisation Account. It is paid off directly through a separate Partner's Loan Account. Unrecorded assets/liabilities and realisation expenses all pass through Realisation A/c.
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