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Commerce · Q1155

Accounting

Graduate and Post Graduate · Commerce · question 1155

Q1155

On dissolution of a firm, an unrecorded liability is

A.
Debited to Realization Account
Answer
B.
Credited to Realization Account
C.
Credited to Liability Account
D.
Debited to Revaluation Account

Answer: Option A

Solution

Answer: Option A
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