Interest on loans from partners Interest on a loan from a partner is treated as

Interest on loans from partners interest on a loan

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Interest on loans from partners Interest on a loan from a partner is treated as an operating expense of the partnership and not as an appropriation item. 1. When interest is actually paid to the partner, the amount is credited to the cash or bank account. 2. Otherwise, the interest amount is credited to the partner’s current account.
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  • Spring '07
  • Smith
  • partner, current account

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