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After transferring liabilities like cred...

After transferring liabilities like creditors and bills payables in the Realisation Account, in the absence of any information regarding then payment, such liabilities are treated as:
1)Never paid
2)Fully paid
3)Partly paid
4)None of the above.

A

Never paid

B

Fully paid

C

Partly paid

D

None of the above.

Text Solution

Verified by Experts

The correct Answer is:
B
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