Accounting for IGCSE & O level - Preparation Of Financial Statements (Section 10 - No. 2)
What does a partner's loan represent?
A loan made by the partner to the business.
A loan made by the business to the partner.
An investment in the business by the partner.
A distribution of profits to the partner.
Explanation
A partner's loan represents a loan made by the partner to the business.
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