Skip to content

Update

Muft Shiksha™ एक 100% Free Education Portal है 🇮🇳, जिसका उद्देश्य Class 9–12 के हर विद्यार्थी तक High-Quality Education को पूरी तरह मुफ्त पहुँचाना है। 🇮🇳 हम मानते हैं कि अच्छी शिक्षा किसी student की आर्थिक स्थिति पर निर्भर नहीं होनी चाहिए। 🇮🇳 हर विद्यार्थी को वही Quality Study Material, MCQs, Quizzes, Exam Preparation, Concept-Based Learning और Bilingual Support मिलना चाहिए, जो आमतौर पर महंगी Coaching या Premium Platforms में मिलता है। Muft Shiksha™ 🇮🇳 इसी सोच के साथ बनाया गया है

Class 12 Accountancy Reconstitution - Retirement or Death of a Partner Partner's Loan AccountEasy

0 reads0 ratings0 helpful

What does a credit balance in a retiring partner's loan account indicate?

Answer and explanation

Correct answer: Amount payable by the firm

A credit balance shows that the firm has to pay the amount. Exam tip: treat credit balance of loan account as a liability.

Related tags

Credit Balance Liability Loan Account Partner's Loan Account Partner S Loan Account Reconstitution Retirement Or Death Of A Partner Accountancy Class 12 Mcq

सुधार सुझाएँ / Earn

Student feedback

Was this question useful?

No ratings yetWrite a review / Rate this question

Was this question useful?

👍 0 Helpful 👎 0 Not helpful

Difficulty

Easy0%

Medium0%

Hard0%

Was the explanation clear?

Yes 0% No 0%

0 responses

Student Reviews

No published reviews yet.

Found an issue? Help improve this question My reports and replies