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March 18, 2020
Question

What is the accounting treatment when personal OD of the partner is paid by the partnership firm

  • March 18, 2020
  • 1 reply
  • 1 view
No text available

1 reply

asha_kanta_sharma
July 3, 2020

It is a form of Drawings from the business and the capital account needs to be debited with such amounts.