Discussion Forum : Dissolution Of A Partnership Firm
Question -


Unrecorded Liability paid at the time of dissolution is debited to __________ and credited to ___________.

Options:
A .   Realisation A/c, Cash A/c
B .   Cash A/c, Realisation A/c
C .   Cash A/c, Partner's Capital A/c
D .   Partner's Capital A/c, Cash A/c
Answer: Option A
:
A

Unrecorded Liability paid at the time of dissolution is debited to Realisation A/c and credited to Cash A/c.



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