Accountancy, asked by harshblackie27, 13 days ago

At the time of reconstitution of a partnership firm, recording of an unrecorded liability will lead to: (a) Gain to the existing partners. (b) Loss to the existing partners. (c) Neither gain nor loss to the existing partners.

Answers

Answered by KassyAngel16

0

Answer:

(b) loss to existing partners

Explanation:

an unrecorded liability is a loss

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