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If the liability of a retiring partner's loan account is understated, what is the direct effect on the balance sheet?यदि निवृत्त साझेदार के ऋण खाते की देयता कम दिखाई गई, तो बैलेंस शीट पर सीधा प्रभाव क्या होगा?
Answer and explanationउत्तर और व्याख्या
Correct answer:सही उत्तर: Total liabilities will be understatedकुल दायित्व कम दिखाई देंगे
Loan is a liability, so its lower balance understates total liabilities. Exam tip: omitted interest can cause this error.ऋण दायित्व है इसलिए उसका कम शेष कुल दायित्व कम दिखाता है। परीक्षा में ब्याज छूटने से यह गलती हो सकती है।
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