Negative capital for individual
This query is : Resolved
Quick Summary
02 October 2024
whether may be negative capital for individual or what may be reason for negative capital.
CA R SEETHARAMAN
(Expert)
03 October 2024
Yes, in case of loss the capital will be eroded.
03 October 2024
The reason is individual has unlimited liability unlike limited companies. And his future incomes will be used to repay existing liabilities.
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