Accountancy, asked by AsmiG9701, 1 year ago

Partners loan account is paid before payment of

Answers

Answered by thanyeemthoqeer
1
the loan sir did not pay it
Answered by Arslankincsem
2

Partners loan account is paid before payment of the interest.

When a partners loan account is opened, then it is generally kept separate from one's personal account.


The partner can get the account dissolved in many cases, one of which is the death of a partner.


The interest is calculated on the principal amount of the loan which changes with every installment.

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