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When and why is it that the Capital Account of a partner does not show a Debit Balance in spite of regular and consistent losses year after year?

Anurag Pathak
April 9, 2023
[CBSE] Fundamentals of Partnership Firm, Accountancy Class 12th

788 viewsApril 9, 2023[CBSE] Fundamentals of Partnership Firm Accountancy Class 12th

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Anurag Pathak28.31K April 9, 2023 0 Comments

When and why is it that the Capital Account of a partner does not show a Debit Balance in spite of regular and consistent losses year after year?

Anurag Pathak Changed status to publish April 9, 2023

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Anurag Pathak28.31K Posted April 9, 2023 0 Comments

Answer:-

When the Capitals are fixed, the Capital Account of a partner will not sow debit balance since all transactions, except those of capital, between the firm and the partner are shown in the current account.

Anurag Pathak Changed status to publish April 9, 2023

Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.