Realization account is a _

4. ralization account is a

nominal account

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

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

Correct Answer is Nominal Account

---        Nominal Account.....

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