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Unrecorded assets when taken over by a partner are shown in
Question

Unrecorded assets when taken over by a partner are shown in

A.

Debit of Realisation A/c

B.

Debit of bank A/c

C.

Credit of Realisation A/c

D.

Credit of Bank A/c

Correct option is C

When unrecorded assets are taken over by a partner, it is shown in the Credit of the Realisation Account. This reflects the realisation of an asset not previously recorded in the books.

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CUET 2025 English Language Mock 01

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