Give the accounting entry for an unrecorded liability in case of reconstitution of partnership firm. Post category:Accountancy Reading time:1 mins read SOLUTION Revaluation A/c Dr. To Sundry Liabilities(Unrecorded liability now recorded) Please Share This Share this content Opens in a new window Twitter Opens in a new window Facebook Opens in a new window Google+ Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostGive the accounting entry for unrecorded assets in case of reconstitution of a partnership firm. (C.B.S.E. 2019, Delhi) Next PostHow can a new partner be admitted? You Might Also Like Why would an investor prefer to invest partly in Shares and partly in Debentures of a Company? September 29, 2022 A and B are partners sharing profits in the ratio of 3 : 2. C was admitted for 1/6th share of profit with a minimum guaranteed amount of Rs. 10,000. At the close of the first financial year the firm earned a profit of Rs. 54,000. Find out the share of profit which A, B and C will get. July 22, 2022 From the following information, calculate Inventory Turnover Ratio: August 13, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.