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  3. Accounts - Principles of Accounts
  4. JAMB 2015
  5. To realize an asset...

To realize an asset means to

Accounts - Principles of Accounts
JAMB 2015
To realize an asset means to
  • A. mortgage it
  • B. open its account in the ledger
  • C. turn it to cash
  • D. give it out as a collateral
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Correct Answer: Option C
Explanation
realization means when assets are disposed for cash as at the time of dissolution
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now