At the time of dissolution, if only part of an external liability is paid and the remaining amount is not waived, what happens to the unpaid balance?

Correct answer: शेष राशि अभी भी देय देनदारी रहती है

When only part of a liability is paid and the creditor has not waived the unpaid amount, the balance continues to be payable by the firm or the partners. It does not automatically become a profit; a gain arises only when the creditor agrees to waive or settle the remaining amount. Exam tip: Treat partial payment as incomplete discharge and recognise a gain only for the amount actually waived.