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Difference between drawings and loan by …

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Difference between drawings and loan by a partner ?

    • Posted by Deepak Bhatt 4 years, 10 months ago

    CBSE > Class 12 > Accountancy
    • 2 answers

    Deepak Bhatt 4 years, 10 months ago

    If drawings is withdrawn by a partner from the business then what is withdrawal of capital

    0Thank You

    Rohit Yadav 4 years, 10 months ago

    Drawings are the amount which is withdrawn by a partner from the business Whereas Loan by partner refers to amount given by partner to business as a loan for a period of time whose interest is charge against profit

    1Thank You

    ANSWER
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    CBSE > Class 12 > Accountancy
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