Under the Uniform Partnership Act, loans made by a partner to the partnership are treated as a.
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Question:
Under the Uniform Partnership Act, loans made by a partner to the partnership are treated as
a. advances to the partnership for which interest shall be paid from the date of the advance.
b. advances to the partnership that are carried in the partners' capital accounts.
c. Accounts Payable of the partnership for which interest is paid.
d. advances to the partnership for which interest does not have to be paid.
Related Book For
Comparative international accounting
ISBN: 978-0273703570
9th Edition
Authors: Christopher nobes, Robert parker
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