Accountancy, asked by srajanrana24, 1 day ago

on dissolution of a firm, what entry is passed for payment of unrecorded liability?

Answers

Answered by jolysanthosh57

1

Explanation:

Journal entry for payment of unrecorded liabilities in cash is given as- Cash/Bank A/c Dr. To Realisation A/c. The same entry is given for the recording of the sale of unrecorded assets.

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