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why is it that the capital account of a partner does not show a debit balance in spite of consistent loss year after year,?
Most Upvoted Answer
why is it that the capital account of a partner does not show a debit ...
it can have debit balance.when it has debit balance,it means that the net worth of the business is negative.but normally it does not happen because usually liabilities do not exceed assets by means of loan,etc.
Community Answer
why is it that the capital account of a partner does not show a debit ...
fixed capital never show a debit balance and we have to prepare two account one is partner's capital account and other is partner's current account
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why is it that the capital account of a partner does not show a debit balance in spite of consistent loss year after year,?
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