Easy Office
LCI Learning

Negative balance

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
09 September 2014 can capital balance can be negative in partnership firm's book

12 September 2014 Yes...

If partner overdrawn from firm there will be Dr balance.

Interest on drawings shall be collected from partner.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries