When a partner discharges the liability of the firm, realisation account is ___

Debited

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Credited

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Not sure

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None of these

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Solution

The correct option is A
Debited

When a partner discharges the liability of the firm, realisation account is debited.

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Similar questions

When a partner discharges the liability of the firm, which account is credited?

The expenses of Realisation are _______________ Realisation A/c.

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