State one difference between Partner’s Loan Account and Partner’s Capital Account.
State one difference between Partner’s Loan Account and Partner’s Capital Account.
Anurag Pathak Changed status to publish April 9, 2023
Partner’s Loan Account is an account to which loan given by a partner and interest due thereon is credited Partner’s Capital Account is an account to which capital contributed by the partner is credited.
Anurag Pathak Changed status to publish April 9, 2023