Jigar (B.Com) (153 Points)
23 September 2016
CA Tanvi Sheth
(Consultant)
(232 Points)
Replied 01 October 2016
Hello,
The entry for introducing a loan in partnership firm will be,
Bank Dr.
TO Partner's Loan
If the partner wishes then he can even use the amount introduced as Increase in capital instead of loan.
At that time entry will be :
Bank dr.
to Capital
SUNEEL KUMAR
(Sr. Accounts & Finance Executive)
(163 Points)
Replied 06 October 2016
The entry will be
Bank Dr.
To Partner's Loan ( Unsecured Loan)
CAclubindia
