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If a firm gives loan to …

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If a firm gives loan to its partners and charge interest on loan from its partners. Then what will be its journal entry?

    • Posted by Shruti Omar 6 years, 7 months ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Bhushan Singh 6 years, 7 months ago

    Partner's cap A/c...... Dr To cash /bank A/c Partner's loan A/c.....Dr To int on partner's loan A/c

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    CBSE > Class 12 > Accountancy
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    CBSE > Class 12 > Accountancy
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    CBSE > Class 12 > Accountancy
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    CBSE > Class 12 > Accountancy
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    CBSE > Class 12 > Accountancy
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    CBSE > Class 12 > Accountancy
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    CBSE > Class 12 > Accountancy
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