Practicing Success
Practicing Success
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| Rohan, Mohan and Sohan were partners sharing profits equally. At the time of dissolution of the partnership firm, Rohan’s loan to the firm will be transferred to which account? |
Credited to Rohan’s Capital Account Debited to Realisation Account Credited to Realisation Account Credited to Bank Account |
| Credited to Bank Account |
| At the time of dissolution of the partnership firm, Partner's loan to the firm will be credited to bank account. For payment of loans due to partners Partner’s Loan A/c Dr. To Bank A/c |
