When the unrecorded liability is taken over by a partner, which account is credited ?

None of these

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Bank account

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Realisation 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 liability is taken over by a partner, Partner`s capital account is credited.

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When the unrecorded liability is taken over by a partner, which account is credited ?

The correct option is D Partner`s capital account When the unrecorded liability is taken over by a partner, Partner`s capital account is credited.

The correct option is D
Partner`s capital account

When the unrecorded liability is taken over by a partner, Partner`s capital account is credited.