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Home Questions E8RQUSAF7M
Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Dissolution of Partnership Firm

Question:

Unrecorded Liabilities when paid are shown in:

Options:

Debit of Realisation Account

Debit of Bank Account

Credit of realisation Account

None of the above

Correct Answer:

Debit of Realisation Account

Explanation:

The correct answer is Option (1) :Debit of Realisation Account

On paying an unrecorded liability, entry is:
Realisation A/c Dr → To Bank/Cash A/c.
So it appears on the debit side of Realisation A/c (and credit of Bank/Cash).

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