4 :- If a loan from X, a partner, of Rs 22,000 exists in the liabilties side of the balance sheet of the firm and X’s capital account has a debit balance of Rs 2,000.
What journal entry will you pass on payment of such a loan ?
4 :- If a loan from X, a partner, of Rs 22,000 exists in the liabilties side of the balance sheet of the firm and X’s capital account has a debit balance of Rs 2,000.
What journal entry will you pass on payment of such a loan ?