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A PARTNERSHIP FIRM HAVE TAKEN LOAN FORM BANK THEN WHAT IS
THE ENTRY OF LOAN IN FIRMS ACCOUNT .
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Answer Posted / mudunoori
Mdhukar saab The Banker gave a loan to the firm then the
Banker will be credited and the bank current account will
be debited.How you think the partners account will be
credited. If you are correct then what will be loan
account. Dont be hasty in posting answer think well before
you answer
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