In the case of dissolution of the firm , the account opened for closing various items in the balance sheet is called ----------------

Name: In the case of dissolution of the firm , the account opened for closing various items in the balance sheet is called ----------------
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The Realization Account is used during the dissolution of a firm to close off the balance sheet items, including assets and liabilities, by recording their sale and settling the accounts.

In the Case of Dissolution of the Firm , the Account