excess drawing


This query is : Resolved 

(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

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

23 July 2010 AGREED WITH MR. SRINATH.


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