A

Admin • 802.91K Points
Coach

Q. Unrecorded liabilities at the time of retirement of a partner are:

  • (A) Credited to retiring partner
  • (B) Debited to Revaluation A/c
  • (C) Credited to Revaluation A/c
  • (D) Ignored
  • Correct Answer - Option(B)
  • Views: 2
  • Filed under category Accounting
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Explanation by: Admin
Unrecorded liabilities are debited to the Revaluation Account to reflect the liability.

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