When the unrecorded asset is sold for cash, realisation account will be …………….

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 B
credited

When the unrecorded asset is sold for cash, realisation account will be credited.

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Similar questions

Unrecorded Asset realised at the time of dissolution is debited to __________ and credited to ___________.

An unrecorded asset realised at the time of realisation is credited to -

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