After transferring liabilities like creditors and bills payables in the Realization Account, in the absence of any information regarding their payment, such liabilities are treated as:
- ANever paid
- BFully paid
- CPartly paid
- DHalf paid
Solution & Step-by-step Explanation
According to accounting guidelines for the dissolution of a partnership firm, if there is no explicit information provided regarding the settlement of an external liability, it must be assumed that the liability was settled at its full book value.