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متابعة

Realization account is a _

1. Representative Personal Account

2. Artificial Personal Account

3. Real Account

4. Nominal Account

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تم إضافة السؤال من قبل Shamseer KM , HR Payroll Officer , Al Darwish Engineering W.L.L.
تاريخ النشر: 2015/04/06
sadeq pasha mohammed
من قبل sadeq pasha mohammed , CHIEF ACCOUNTANT , HAFIF TRAVEL & TOURISM CO

4. ralization account is a

nominal account

 

Muhammad Rehan Tahir  ACCA
من قبل Muhammad Rehan Tahir ACCA , Treasury Manager , Farouk, Maamoun Tamer & Company

Actually Realization account is a Nominal account and prepared to calculate the profit/loss made on realization of assets and settlement of liabilities.

Riaz Ahammed
من قبل Riaz Ahammed , Financial Accountant , UTC Climate Controls & Security

Realisation account is a Nominal account. The reasoning for the answer is as below;

Personal account are accounts or elements of which represent a person or organisation (representative/artificial) . Therefore, Realisation A/c is not a Representative or Artificial person.

For a real account, either it should be an asset or a liability but Realisation A/c is neither an asset nor a liability. So it can not be a real account.

For a nominal account it should be either a expense, income, loss or gain. In the realisation account we calculate profit or loss on sale of assets and payment of liabilities. So, here the output is either profit or loss. It means that it fulfills the requirement of nominal account. Hence it is a nominal account

 

Samsheer ck samsheer
من قبل Samsheer ck samsheer , Accounts Manager , Al madina group

Correct Answer is Nominal Account

Muhammad Sabith
من قبل Muhammad Sabith , Accountant , SIMORA

---        Nominal Account.....

georgei assi
من قبل georgei assi , مدير حسابات , المجموعة السورية

I did not understand the question, but considered that the intention is a real account

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