When an unrecorded asset is realised at the time of dissolution of the firm, ............ account is debited and ......... account is credited. |
Realisation, Bank Concerned partner, Bank Bank, realisation Realisation, concerned partner |
Bank, realisation |
The correct answer is option 3- Bank, realisation. For realisation of any unrecorded assets including goodwill, if any, then the following journal entry is passed- |