what is the entry of bank loan in the realisation account?
Nishita, Sankar is absolutely correct, refer to the answer provided by him!
Moreover, as we know, in case of dissolution of a firm, when nothing is mentioned about paying off a liability in the question, we must assume that the liability is to be paid off. Thus, it will appear on the debit side of Realisation Account at the value at which it appears in the Balance Sheet.
Moreover, as we know, in case of dissolution of a firm, when nothing is mentioned about paying off a liability in the question, we must assume that the liability is to be paid off. Thus, it will appear on the debit side of Realisation Account at the value at which it appears in the Balance Sheet.