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