Can a partner loan account be realised through their capital account?Doesn't it goes to bank account?...Some solutions to qns shows that dat entry is passed through bank while others through capital a/c..Somebody plz help..
Ujjwal (a) (44 Points)
05 March 2011Can a partner loan account be realised through their capital account?Doesn't it goes to bank account?...Some solutions to qns shows that dat entry is passed through bank while others through capital a/c..Somebody plz help..
CA Kanchan Jha
(Finance & Accounts Executive)
(493 Points)
Replied 05 March 2011
a partner loan a/c be realised through bank a/c, if specifically no adjustment regarding patner's loan is given in the question.
Ujjwal
(a)
(44 Points)
Replied 05 March 2011
If all partners are insolvent ,then does the realisation of partner's loan passed through respective capital account?
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