On taking responsibility of payment of a liability of ₹ 20,000 by a partner, the account credited will be :
A. Realisation Account
B. Cash Account
C. Capital Account of the Partner
D. Liability Account
Answer:C
On taking responsibility of payment of a liability of ₹ 20,000 by a partner, the account credited will be :
A. Realisation Account B. Cash Account C. Capital Account of the Partner D. Liability Account