realization and liquidation account
noun
: an account or statement used in settling or winding up a business or estate to show the results of the disposition of assets and the liquidation of the debts
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“Realization and liquidation account.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/realization%20and%20liquidation%20account. Accessed 1 Dec. 2024.
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