CUET Preparation Today
If any partner has given a loan to the firm and now that partner died, then what will firm do with his loan amount? |
Transfer to p & l account Transfer to his current account ( debit side) Transfer to his capital account (credit side) Transfer to his capital account ( debit side) |
Transfer to his capital account (credit side) |
Loan to be returned to partner so it will be credited to his account to find out the final balance of partner. |
