1 Partner Loan Settlement questions from CUET Accountancy 2023 11 June Shift 3 with detailed answers and explanations. Free previous year questions and MCQs.
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Partner Loan Settlement — CUET Accountancy 2023 11 June Shift 3(1–1 of 1)
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Q1mediummcqAccountancyCUET Accountancy 2023 11 June Shift 32026
Mukund's Loan of Rs. 50,000 to the firm, was settled at Rs. 55,000 at the time of firm's dissolution, where Mukund was one of the partner. What entry will be passed?