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If a partner agreed to pay the unrecorded liability then ______
  • a)
    Realisation account is credited and concerned partner’s account debited
  • b)
    Only Realisation account is credited
  • c)
    Realisation account is debited and concerned partner’s capital account is credited.
  • d)
    Concerned partner’s account is debited
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
If a partner agreed to pay the unrecorded liability then ______a)Reali...
When a partner agreed to pay any unrecorded liability, in such a case, realization account should be debited and concerned partner’s capital account should be credited. No effect on cash account.
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Most Upvoted Answer
If a partner agreed to pay the unrecorded liability then ______a)Reali...
Option c is correct as when a partner pay the liability on behalf of the firm then his capital account is credited and realisation account is debited
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Community Answer
If a partner agreed to pay the unrecorded liability then ______a)Reali...
Realisation account is credited and concerned partners account is debited
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If a partner agreed to pay the unrecorded liability then ______a)Realisation account is credited and concerned partner’s account debitedb)Only Realisation account is creditedc)Realisation account is debited and concerned partner’s capital account is credited.d)Concerned partner’s account is debitedCorrect answer is option 'C'. Can you explain this answer?
Question Description
If a partner agreed to pay the unrecorded liability then ______a)Realisation account is credited and concerned partner’s account debitedb)Only Realisation account is creditedc)Realisation account is debited and concerned partner’s capital account is credited.d)Concerned partner’s account is debitedCorrect answer is option 'C'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about If a partner agreed to pay the unrecorded liability then ______a)Realisation account is credited and concerned partner’s account debitedb)Only Realisation account is creditedc)Realisation account is debited and concerned partner’s capital account is credited.d)Concerned partner’s account is debitedCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If a partner agreed to pay the unrecorded liability then ______a)Realisation account is credited and concerned partner’s account debitedb)Only Realisation account is creditedc)Realisation account is debited and concerned partner’s capital account is credited.d)Concerned partner’s account is debitedCorrect answer is option 'C'. Can you explain this answer?.
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