On dissolution of a firm, the amount of loan taken from partner by firm will be transferred to:

Partner's loan Account

The correct answer is option 4- Partner's loan Account.

On dissolution of a firm, the amount of loan taken from partner by firm will be transferred to Partner's loan Account

Partner's loan is not transferred to realisation account but a separate account named partner's loan account is made and this loan is paid separately because it is not outsider liability. Journal entry for this-
Partner's loan A/c  Dr.
         To Bank A/c

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