Consider the following statements.
1. Realisation account and revaluation account are the same.
2. While preparing cash account or bank account (dissolution), the debit and credit side are same.
3. Items appearing in the balance sheet are posted at one place only.
Which of the statements given above is/ are correct?
A. Only 1
B. Both 2 and 3
C. All of the above
D. None of the above
Answer: Option B
This Question Belongs to Commerce >> Accounting
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