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excess drawing

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(Querist)
23 July 2010 please tell me excess drawing resulting into negative capital balance can be shown under what heading in case of partnership firm
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srinath

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srinath (Expert)
23 July 2010 show it as current account rather than capital account on the asset side of the balance sheet below debtors
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
23 July 2010 AGREED WITH MR. SRINATH.
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