CUET Preparation Today
Unrecorded liabilities when paid are shown in: |
Debit side of Realisation Account Debit side of Bank Account Credit side of Realisation Account Credit side of Revaluation A/c |
Debit side of Realisation Account |
Unrecorded liabilities are those liabilities which are not recorded in the books of account. The accounting treatment for unrecorded liability is: (a) When the unrecorded liability is paid off: Realisation A/c Dr. To Bank A/c |
