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Home › CBSE Class 12 (Commerce) › Accountancy › Accounting for Partnership Firms: Dissolution of a Partnership Firm › With no information on payment of creditors, the…

With no information on payment of creditors, they are treated as:

APaid by partners
BPartly paid
CNever paid
DFully paid
Answer & Solution
Correct answer: D. Fully paid
Without a stated settlement, liabilities transferred to Realisation Account are taken as paid in full.
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