At which value the assets against which provisions exist are transferred to Realisation Account? Post category:Accountancy Reading time:1 mins read SOLUTION Assets against which provisions exist are transferred to Realisation Account at gross value. Please Share This Share this content Opens in a new window Twitter Opens in a new window Facebook Opens in a new window Google+ Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostDo you think that the loan by a partner’s relative is transferred to Realisation Account at the time of dissolution of a firm? Why? Next PostWhat is the treatment of provisions against assets on dissolution of a firm? You Might Also Like X, Y and Z are sharing profits and losses in the ratio of 5 : 3 : 2. They decide to share future profits and losses in the ratio of 2 : 3 : 5 with effect from 1st April, 2019. They also decide to record the effect of the following accumulated profits, losses and reserves without affecting their book values by passing a single entry . July 27, 2022 Capitals of kajal, Neerav and Alisha as on 31st March, 2022 amounted to Rs. 90,000, Rs. 3,30,000 and Rs. 6,60,000 respectively. Profit of Rs. 1,80,000 for the year ended 31st March, 2022 was distributed in the ratio of 4: 1: 1 after allowing interest on Capital @10% p.a. During the year, each partner withdrew Rs. 3,60,000. The Partnership Deed was silent as to profit-sharing ratio but provided for interest on capital @ 12%. Pass the necessary adjustment entry showing the working clearly. October 11, 2022 What is a Comparative Balance Sheet? October 1, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.