Question

after transferring outside liabilities in realisation ac in the absence of any information regarding the payment such liabilities are treated as

Answer 1

Such liabilities are treated as fully paid.

• Sometimes there can be absence of any facts about the realisation of properties tangible or intangible.
• Thus, during the payment of the external liabilities, it should be concluded that no money has been received from the assets.
• It is also to be noted and that a sum equal to the book value of the dues has been paid off and that they are fully paid.