Partnership Financing – NBC Institute

FA – May 2017 – L1 – SA – Q12 – Partnership Accounts

Identifies the correct treatment of a partner’s loan in partnership accounts.

Question

Loan advanced by a partner to the partnership would be shown in
A. Receivables account
B. Partner’s capital account
C. Partner’s current account
D. Non-current liability account
E. Goodwill account

Answer

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Tags: Loan, Non-current Liabilities, Partnership Accounts, Partnership Financing
Level: Level 1

Topic: Partnership Accounts (Including Profit Sharing, Capital and Current Accounts)
Series: MAY 2017

Question Tag: Partnership Financing

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FA – May 2017 – L1 – SA – Q12 – Partnership Accounts

Identifies the correct treatment of a partner’s loan in partnership accounts.

FA – May 2017 – L1 – SA – Q12 – Partnership Accounts

Identifies the correct treatment of a partner’s loan in partnership accounts.

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Question Tag: Partnership Financing

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FA – May 2017 – L1 – SA – Q12 – Partnership Accounts

Identifies the correct treatment of a partner’s loan in partnership accounts.

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FA – May 2017 – L1 – SA – Q12 – Partnership Accounts

Identifies the correct treatment of a partner’s loan in partnership accounts.

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