Question

can we show unrecorded liabilities in new balance sheet??
​

Answer 1

no................ ..

Answer 2

yes , we can show unrecorded liabilities  can be showed at the time of admission  or retirement by debiting or crediting  in revaluation account  .

Treatment  

To show record unrecorded liabilities  item it should be recorded in credit side of revaluation account  .

journal entry  

Unrecorded liabilities A/c  

      To Revaluation A/c