Ask a Question

On taking responsibility of payment of a liability of ₹ 20,000 by a partner, the account credited will be :

0 votes
123 views
in Accountancy by (98.9k points)
edited
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

1 Answer

0 votes
by (98.9k points)
edited
(c) Capital Account of the Partner

Related questions

0 votes
1 answer 106 views
On retirement of a partner, goodwill will be credited to the Capital Account of:
asked Jul 21, 2022 in Accountancy by Doubtly (98.9k points)
0 votes
1 answer 105 views
On the death of a partner, the amount due to him will be credited to
asked Jul 21, 2022 in Accountancy by Doubtly (98.9k points)
0 votes
1 answer 94 views
At the time of retirement of a partner, profit on revaluation will be credited to :
asked Jul 21, 2022 in Accountancy by Doubtly (98.9k points)
0 votes
1 answer 103 views
The amount of goodwill is paid by new partner : (a) for the payment of capital
asked Jul 21, 2022 in Accountancy by Doubtly (98.9k points)

Doubtly is an online community for engineering students, offering:

  • Free viva questions PDFs
  • Previous year question papers (PYQs)
  • Academic doubt solutions
  • Expert-guided solutions

Get the pro version for free by logging in!

Most popular tags

jeemain geography-10th engineering physics semester 5 web computing

5.7k questions

5.1k answers

108 comments

559 users

Doubtly
...