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Question
An unrecorded liability of ₹ 10,000 was settled for ₹ 7,500 on dissolution. On payment, it will be debited to ______ Account with ₹ ______.
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Solution
An unrecorded liability of ₹10,000 was settled for 7,500 on dissolution. On payment, it will be debited to Realisation Account with ₹ 7,500.
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