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settlement of Liabilities

Accountancy

In partnership, if no adjustments regarding Settlement of Liabilities given should we consider it as settled fully and debit Realisation a/c and credit cash a/c??

madhu miraa

CA Final

★ 5K+

11-May-22 17:03

328

Answers (3)

Haa yes we have to assume

Likhitha Sivani

CA Final

★ 14K+

11-May-22 17:04

Yes, it's fair assumption regarding outside liability

Mahantesh Biradar

CA Final

★ 92K+

11-May-22 17:13

Yes it is assumption

Priyanka R

CA Final

★ 20K+

11-May-22 19:26