Can capital go negative ?
SANJAY KUMAR (MBA) (24 Points)
01 June 2017SANJAY KUMAR (MBA) (24 Points)
01 June 2017
Nikunj Shiyani
(Executive)
(124 Points)
Replied 01 June 2017
i think you can directly book the expenses of firm and cash paid out, i assume that both partner working as active partner. hence they can use money for firm purpose. unexpensed money can be Dr to partner A/c if any, if more money expensed by partner then make additional payment by cash to partners, hope u get my ans