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Loan from a partner is not …

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Loan from a partner is not transferred to realisation account because _________ .

Posted by Harshit Mishra 5 years, 10 months ago

CBSE > Class 12 > Accountancy

4 answers

Ruchika Kumar 5 years, 10 months ago

because it is a charge against profit and it a private debt

Anil Kumar 5 years, 10 months ago

loan from a partner is treated as charge against profit while distributing the profit but when it comes to the dissolution of the firm it is assumed that it would be mutually written off by partners themself and won't be the burden on the firm anymore cz its the time for the firm to get free from everything. By the way i haven't any satisfied answer.

Harshit Mishra 5 years, 10 months ago

Bhai question bhi to wahi h why it is separate

Sahil Gulati 5 years, 10 months ago

Loan account is separate from realisation a/c

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