When the unrecorded asset is taken over by any partner, which account shall be debited ?

None of these

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Bank account

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Partner`s loan account

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Partner`s capital account

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Solution

The correct option is D
Partner`s capital account

When the unrecorded asset is taken over by any partner, partner`s capital account shall be debited.

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When the unrecorded asset is taken over by any partner, which account shall be debited ?

The correct option is D Partner`s capital account When the unrecorded asset is taken over by any partner, partner`s capital account shall be debited.

The correct option is D
Partner`s capital account

When the unrecorded asset is taken over by any partner, partner`s capital account shall be debited.