Skip to main content
Mar 20, 2020 11:23 AM UTC
Question

What is the journal entry when partner's Personal loan is paid by the partnership firm

Original commenter did not share additional details

1 reply

Mar 23, 2020 4:25 AM UTC

Hello,

 

You can debit an account that indicates "receivable from partner" and credit the firm's bank account.

 

Also, please run this by your CA first. 

 

I hope this helps.