Chapter: Dissolution of Partnership Firm· Book-Keeping & Accountancy

Write a word / term / phrase as a substitute for the following statement: Debit balance of Realisation Account.

Q.1 (C) (2) Write a word / term / phrase as a substitute for the following statement: Debit balance of Realisation Account.

Doubtly Asked 29 Oct 2026 Board exam · July 2024 hsc 12th Save WhatsApp Report

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Answer: Loss on realisation (Realisation loss)

When the debit side of Realisation Account (book value of assets, liabilities paid and expenses) is more than the credit side, the balance is a loss on realisation, shared by partners in profit sharing ratio.

Doubtly AI · 29 Oct 2026 AI-generated · not yet verified Report

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Write a word / term / phrase as a substitute for the following statement: Debit balance of Realisation Account.

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