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 A, B and C were partners in a firm sharing profits in the ratio of 3 : 2 : 1. They admitted D as a new partner for 1/8th share in the profits, which he acquired 1/16th from B and 1/16th from C. Calculate the new profit-sharing ratio of A, B, C and D. July 29, 2022 From the following information, calculation Cash Flow from Operating Activities and Investing Activities: August 18, 2022 When an asset is taken over by a partner, why is his Capital Account debited? September 27, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.