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Negative balance of Capital

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 June 2010 Hi
Respected Members

Can any one tell me what is the meaning of Negative balance of Capital of Proprietor or partnership firm?

In what case Capital shall be negative in Proprietor or Partnership firm Case.
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Shyam Lal Naik

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Shyam Lal Naik (Expert)
29 June 2010 Negative balance can happen in case of huge accumulated losses, repayment of capital/drawings from borrowed funds.

Negative balance in Capital account mean the net reasult of Capital Account & drawings/current account is a debit balance.
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Shudhanshu Agrawal

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Shudhanshu Agrawal (Expert)
29 June 2010 Yes agree with the expert.
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
29 June 2010 Agreed...
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