Question:medium

On dissolution of a firm, Partner's Loan Account is transferred to ________ Account.

Show Hint

Remember the settlement order on dissolution: 1. Realisation expenses $\rightarrow$ 2. Outside liabilities $\rightarrow$ 3. Partner's Loan $\rightarrow$ 4. Partner's Capital.
Updated On: Mar 16, 2026
Show Solution

Solution and Explanation

Was this answer helpful?
0

Top Questions on Partnership Accounting

Questions Asked in KSEAB Class XII exam