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Do you think that the loan by a partner’s relative is transferred to realisation account at the time of dissolution of a firm? Why? - Accounts

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प्रश्न

Do you think that the loan by a partner’s relative is transferred to realisation account at the time of dissolution of a firm? Why?

अति संक्षिप्त उत्तर
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उत्तर

Yes, it is recorded in the realisation account as it qualifies as an external liability.

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  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 5: Dissolution of Partnership Firm - SHORT ANSWER QUESTIONS [पृष्ठ ५.७५]

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डी. के. गोएल Accountancy Volume 1 and 2 [English] Class 12 ISC
अध्याय 5 Dissolution of Partnership Firm
SHORT ANSWER QUESTIONS | Q 13. | पृष्ठ ५.७५
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