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Question
If at the time of admission, there is some unrecorded liability, it will be:
Options
Debited to Revaluation A/c
Credited to Revaluation A/c
Transferred to Old Partner's Capital A/c
Transferred to All Partner's Capital A/c
MCQ
Solution
Debited to Revaluation A/c
shaalaa.com
Admission of a Partner - Revaluation of Assets and Liabilities
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