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     EduGorilla 
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    A Loan of ₹10,000 advanced by a partner to the firm was refunded. What journal entry should be recorded for the same?

    Options :-

    1. Bank A/c    Dr, 10000
      To Partner’s Loan A/c 10000

    2. Partner’s Loan A/c  Dr. 1000
      To Bank A/c 10000    

    3. Realization A/c    Dr. 10000
         To Bank A/c 10000      

    4. Bank A/c    Dr 10000.

      To Realization Account 10000  

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