dissolution of a partnership firm, in case of a partner has taken loan from the firm. what is journal entry?

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Solution

Dear student

Particulars L.F. Debit Credit

Partner's Capital A/c. Dr XXX

To Partner s Loan A/c XXX

Regards

Particulars	L.F.	Debit	Credit
Partner's Capital A/c. Dr		XXX
To Partner s Loan A/c			XXX

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