Question
Which of the following are correct regarding Realization
Accounts? I.A realization account is an account that is used to record the proceeds of the sale of assets during the liquidation of a partnership. II.It’s a kind of permanent account. III.It is used to distribute the cash proceeds of the sale of partnership assets to the partners in accordance with their respective profit and loss sharing ratios.Solution
it’s a kind of temporary account.
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Which action most improves competitive positioning in saturated market?
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