After transferring liabilities like creditors and bills payable in the Realisation Account in the absence of any informations regarding their payment, such liabilities are treated as :
A. Never paid
B. Fully paid
C. Partly paid
D. None of these
Answer:B
After transferring liabilities like creditors and bills payable in the Realisation Account in the absence of any informations regarding their payment, such liabilities are treated as :
A. Never paid B. Fully paid C. Partly paid D. None of these