Negative balance of Capital
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 June 2010
Hi
Respected Members
Can any one tell me what is the meaning of Negative balance of Capital of Proprietor or partnership firm?
In what case Capital shall be negative in Proprietor or Partnership firm Case.
Respected Members
Can any one tell me what is the meaning of Negative balance of Capital of Proprietor or partnership firm?
In what case Capital shall be negative in Proprietor or Partnership firm Case.
29 June 2010
Negative balance can happen in case of huge accumulated losses, repayment of capital/drawings from borrowed funds.
Negative balance in Capital account mean the net reasult of Capital Account & drawings/current account is a debit balance.
Negative balance in Capital account mean the net reasult of Capital Account & drawings/current account is a debit balance.
29 June 2010
Yes agree with the expert.
29 June 2010
Agreed...
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