Question

Partners Loan is___

Internal liability
External liability
Secured liability
None of the above​

Answer 1

Answer:

internal liability I think............

Answer 2

Partners Loan is Internal liability

What is a partners loan?

• Partnership Loan refers to a loan made by the Partnership to such a Partner on the day the Partnership pays the surplus of the Withheld Amount above the Distributable Amount to a taxing authority.

Internal liability:

• A loan from a partner does not count as part of the partner's capital.
• It is considered the same as any other loan from a third party, regardless of the partner's capital balance.
• As a result, it will be discharged by the amount realized from the sale of assets.

Hence, Partners Loan is Internal liability