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Cash loan transfer to partner capital account

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(Querist)
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.
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Dhirajlal Rambhia online

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Dhirajlal Rambhia online (Expert)
03 September 2022 Yes, when such journal entry passed in books of accounts.

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