Practicing Success
Practicing Success
CUET Preparation Today
| On Dissolution, a Liability taken over by a partner is credited to which account? |
Realisation A/c P&L Appropriation A/c Partner's Capital A/c None of the above |
| Partner's Capital A/c |
| The Liability taken over by a partner in case of dissolution is credited to the capital account of the partner. Realisation account is debited for such transactions. |
