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Why By default we transfer the amount to retiring partner to his loan a/c ?
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Why By default we transfer the amount to retiring partner to his loan ...
It is not by default, but it is done when payment to partner is made in installments. In this case, balance in his capital account and all the payments to be made to him is transferred to his loan account according to partnership agreement.
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Why By default we transfer the amount to retiring partner to his loan a/c ?
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Why By default we transfer the amount to retiring partner to his loan a/c ? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Why By default we transfer the amount to retiring partner to his loan a/c ? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Why By default we transfer the amount to retiring partner to his loan a/c ?.
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