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When a liability is discharged by a partner, at the time of dissolution, Capital Account is credited because ______________ .

+2 votes

asked Aug 3, 2018 in Class 12 by kratos

When a liability is discharged by a partner, at the time of dissolution, Capital Account is credited because __ .

dissolution of partnership firm
class-12
introduction to partnership
admission of a partner

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1 Answer

+3 votes

answered Mar 2, 2021 by kratos

Best answer

'Credit the Giver'.

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