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प्रश्न
If any loan or advance is provided by a partner, then the balance of such loan account should be transferred to ______.
पर्याय
B/S Assets side
B/S Liability Side
Partner’s Capital A/c
Partner’s Current A/c
MCQ
रिकाम्या जागा भरा
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उत्तर
If any loan or advance is provided by a partner, then the balance of such a loan account should be transferred to B/S liability side.
Explanation:
A loan or advance given by a partner to the firm is treated as a liability of the firm because it has to be repaid to the partner. Hence, in the Balance Sheet, the balance of such a loan account is shown on the liabilities side, separate from partner’s capital accounts.
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