give necessary journal entries for settlement of partner's Loan at the time of dissolution of firm if loan from x (a partner ) rupees rs. 25000, X' s capital account(credit balance) Rs. 30,000.

Dear student usually we transfer partners loan account to its capital account. so here in this case partners capital account will be credited with Rs. 25000 and partners loan account will be debited with Rs. 25000. In this way balance of partners loan account will be written off. Regards