interest on partners loan
sharad priyanshi (5 Points)
26 July 2018
what will be Accounting treatment of interest on loan given by a partner to firm
sharad priyanshi (5 Points)
26 July 2018
CA Sunil Kumar
(Chartered Accountant)
(4524 Points)
Replied 26 July 2018
Pranjali
(intern)
(2216 Points)
Replied 26 July 2018
The journal entry would be :
P&L ... Dr
To, partner's loan A/C
Accordingly, make the ledger entries
sharad priyanshi
(5 Points)
Replied 26 July 2018
sharad priyanshi
(5 Points)
Replied 26 July 2018
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