When does the capital account of …
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When does the capital account of a partner not show a debit balancein spite of regular losses incurred by the firm?
Posted by Rahul Sk 7 years, 3 months ago
- 2 answers
Naveen Sharma 7 years, 3 months ago
Ans.When the capital accounts of partners are fixed, they always show a Credit Balance.
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Naveen Sharma 7 years, 3 months ago
Ans. In Brief there are only two explanations-
1) The capital system followed is fixed:
2) The capital system followed is fluctuating:
1Thank You