Negative balance
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 September 2014
can capital balance can be negative in partnership firm's book
12 September 2014
Yes...
If partner overdrawn from firm there will be Dr balance.
Interest on drawings shall be collected from partner.
If partner overdrawn from firm there will be Dr balance.
Interest on drawings shall be collected from partner.
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