Cash loan transfer to partner capital account
This query is : Resolved
02 September 2022
Sir,
A partnership firm cash loan to creditor Rs:6 lacs through on partnership firm bank account pay.
Question:
Cash loan to creditor rs:6 lacs amount transferred firm account to partner capital account accepted in it act.
A partnership firm cash loan to creditor Rs:6 lacs through on partnership firm bank account pay.
Question:
Cash loan to creditor rs:6 lacs amount transferred firm account to partner capital account accepted in it act.
03 September 2022
Yes, when such journal entry passed in books of accounts.
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