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Q. What does the term 'realization' mean in accounting?

  • (A) Converting cash into assets
  • (B) Converting profit into capital
  • (C) Conversion of assets into cash
  • (D) Conversion of liabilities into equity
  • Correct Answer - Option(C)
  • Views: 2
  • Filed under category Accounting
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Explanation by: Admin
Realization refers to the process of converting assets into cash or cash equivalents.

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