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Please Help: Realization accounts

Posted Date : 21-Feb-2014 , 10:30:41 pm | Posted By: Gauri 1994 May

Category : Accounts | Answers : 0| Comments : 0| Hits: 296

When the value of assets as taken over by the purchasing company is at some other value than the value of assets in the balance sheet, why do we still record the assets in the realization account at the book value?

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