Do you think that the loan by a partner is transferred to Realisation Account at the lime of dissolution of a firm? Why? – Swamonk EduCare

Do you think that the loan by a partner is transferred to Realisation Account at the lime of dissolution of a firm? Why?

Post category:Accountancy
Reading time:1 mins read

SOLUTION

No, it is not transferred to Realisation Account because its payment is made after the payment of all outside liabilities.

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