State the accounting treatment for: 1. Unrecorded assets 2. Unrecord – InterviewSolution

1.

State the accounting treatment for: 1. Unrecorded assets 2. Unrecorded liabilities

Answer»

For realisation of any unrecorded assets including goodwill, if any

Bank A/c Dr. To Realisation A/c

For settlement of any unrecorded liability Realisation A/c Dr.

To Bank A/c

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