Hello,
The entry for introducing a loan in partnership firm will be,
Bank Dr.
TO Partner's Loan
If the partner wishes then he can even use the amount introduced as Increase in capital instead of loan.
At that time entry will be :
Bank dr.
to Capital
The entry will be
Bank Dr.
To Partner's Loan ( Unsecured Loan)
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
