Amount realised from unrecorded asset will be credited to :
This question was previously asked in
Shift 12/06/2023 12:00 PM - 2:00 PM
A
Realisation A/c
B
Revaluation A/c
C
Partner's Capital A/c
D
Cash A/c
Correct Answer
Realisation A/c
Detailed Explanation
The amount realized from an unrecorded asset will typically be credited to Realisation A/c in the context of partnership dissolution.
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