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mediumMCQCUET Accountancy 2023 11 June Shift 32026Accountancy
1 mark

Which of the following will not be shown in Realisation Account?

  1. A
    Unrecorded Asset realised
  2. B
    Unrecorded Liabilities paid off
  3. C
    Partner's Loan to the firm
  4. D
    Realisation Expenses

Solution & Step-by-step Explanation

A partner's loan to the firm is an internal liability that is paid off separately after settling external debts, but before paying out partners' capital balances. It is not transferred to the Realisation Account. Unrecorded items and expenses are routed through the Realisation Account.

Practice this question

Try it yourself before checking the explanation above.

Which of the following will not be shown in Realisation Account?
A
Unrecorded Asset realised
B
Unrecorded Liabilities paid off
C
Partner's Loan to the firm
D
Realisation Expenses

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