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单词 realization account
释义

realization account

realization account An account used to record the disposal of an asset or assets and to determine the profit or loss on the disposal. The principle of realization accounts are that they are debited with the book value of the asset and credited with the sale price of the asset. Any balance therefore represents the profit or loss on disposal.

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更新时间:2024/11/13 18:04:47