Question

When a liability is discharged by a partner at the time of dissolution capital account is credited because dash?

Answer 1

Explanation:

this is because when we show that the partner is taking xyz liability or he/she is paying for it that will be also shown into their capital a/c ( this is due to every entry has a dual effect ...

I hope this is help you....

Answer 2

Claim of the partner has increased over the company by the amount of the liability released by partner thus the capital account is increased.

Explanation:

• Capital account is the account of the general ledger which states some of the particular or special transactions such as the investment of the proprietor in his or her own business or in the partnership firm, then the total amount of the expenses, earnings of the company.

• When the liability is released through the partner during the time of the dissolution, the capital account will be credited because the claim of the partner has increased over the company by the amount of the liability released by partner thus the capital account is increased.

You can learn more here about capital account:

https://brainly.in/question/5131102

You can learn more here about the dissolution of partner:

https://brainly.in/question/9701425