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What if we withdraw excess
What if we withdraw excess of money from capitals account ( in both fixed and fluctuating capital method)
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Quick Summary
When a business owner withdraws cash from a company account, the value of company assets decreases because some capital reserves have been transferred from business to personal use. liabilities will increase.
Partners proprietar is liable to pay the business the excess cash withdrawn and needs to settle it urgently.
It should be settled
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