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A firm had given a loan to one of its partners. Give the journal entry to close this Loan Account at the time of dissolution of the partnership firm. - Accounts

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प्रश्न

A firm had given a loan to one of its partners. Give the journal entry to close this Loan Account at the time of dissolution of the partnership firm.

रोजकीर्द नोंद

उत्तर

Journal Entry
Date Particulars L.F. Dr. (₹) Cr. (₹)
  Partners' Capital A/c    ...Dr.      
  To Loan to Partners A/c      
  (Closing entry for loan given by a
firm to one of its partners)
     
shaalaa.com
Dissolution of a Partnership Firm - Partner’s Loan Account
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
2022-2023 (March) Official
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