If at the time of admission if there is some unrecorded liability, it will be -------------to -- ------------ Account.
A. Debited, Revaluation
B. Credited, Revaluation
C. Debited, Goodwill
D. Credited, Partners’ Capital
Answer:A
If at the time of admission if there is some unrecorded liability, it will be -------------to -- ------------ Account.
A. Debited, Revaluation B. Credited, Revaluation C. Debited, Goodwill D. Credited, Partners’ Capital