husband’s loan Rs.14,000
#1
Pooja (one partner) agreed to pay off her husband’s loan Rs.14,000. What journal entry should take place for the same?
Options :-
  1. Pooja’s Capital A/c  Dr.  14000
    To Realization Account  14000         
  2. Realization A/c    Dr.  14000
    To Bank A/c  14000 
  3.     Realization A/c  Dr.  14000
        To Pooja’s Capital A/c  14000      
        .   
  4.      Realization A/c    Dr.  14000
         To Loan A/c  14000     
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Messages In This Thread
husband’s loan Rs.14,000 - by LaurenKelly - 07-29-2021, 06:56 AM
RE: husband’s loan Rs.14,000 - by LaurenKelly - 07-30-2021, 09:27 AM
RE: husband’s loan Rs.14,000 - by shieldsrodney - 07-30-2021, 09:28 AM

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