Question

Unrecorded liability when paid on the dissolution of a firm is transferred to ______

विकल्प

• Realization Account

• Partners' Capital Accounts

• Liability Account

• None of the above

Answer 1

Unrecorded liability when paid on the dissolution of a firm is transferred to Realization Account.

Explanation:

Unrecorded liabilities are not recorded in the book, but they must be discharged at the time of dissolution and are thus debited to the Realisation A/c.