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 Audit interview questions  Audit Interview Questions
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 Accounting General interview questions  Accounting General Interview Questions
 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question
what should we do in case of a Partnership wen the Partners 
capital account has debit balance???
 Question Submitted By :: Jitindersingh
I also faced this Question!!     Rank Answer Posted By  
 
  Re: what should we do in case of a Partnership wen the Partners capital account has debit balance???
Answer
# 1
debit balance of partner's capital account must be shown 
on  the asset side of the balance sheet because this is the 
amount partners are supposed to bring into the business..
 
Is This Answer Correct ?    0 Yes 0 No
Surabhi
 

 
 
 
Other Audit Interview Questions
 
  Question Asked @ Answers
 
HOW WILL U HANDLE ACCOUNTS RECEIVABLE? Genpact9
what should we do in case of a Partnership wen the Partners capital account has debit balance???  1
what is HRA ? HOW WILL CAILUCATED ? Wipro4
whether in the case of BIFR scheme the non payment of dividend FOR MORE than 7 years shall go in the Dividend Equalisation fund/ Investors Protection fund  1
what is statutaru audit??  2
Define Materiality Concept  5
how two calculate capital a/c TATA2
what is audit  11
What are the reasons for debtors outstanding showing as negative? IBM2
before appoinment, an auditor owes to a company more than rs.1000 and he clears his debt before appointment.he is due to company upto 30-06-06.he is give his report between 01- 04-06 to 31-03-07.what is the duty of the auditor while reporting on the transactios occured in his due period  1
We are non excise registration Manufacturer want export to dubai & material received from excise registration manufacturer they are mention excise duty on my bill but we are not getting modvat because of non registration then what we will do that they are not liable to me excise duty on bill  1
Expand---------RDES  1
who is the election commission of india ? TATA1
If a charity is required to have an audit carried out due to the level of incoming resources or expenditure, but then is below the threshold in the following years, is an audit still required?  1
internal checksystem  2
What is internal and statutory Audit and what are the roles of auditor.  4
how can i prepare financial statement?  4
1.How do you effectively solve Accounts problems 2. What was the most demanding / stressful situation that you have handled in your current capacity (Accountant):  1
what is the accounting entry for fictitious asset  4
what is meaning TDS?  5
 
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