what should we do in case of a Partnership wen the Partners
capital account has debit balance???



what should we do in case of a Partnership wen the Partners capital account has debit balance???..

Answer / surabhi

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 ?    5 Yes 2 No

Post New Answer

More Audit Interview Questions

Do you need to be an expert at something in order to lead a team?

0 Answers   Ernst Young,


What are the portions to be covered in tax audit and what are the papers to be checked in tax audit by auditors?

2 Answers  


Explain how to do an internal audit effectively?

0 Answers  


What do you find the most challenging in Accpuntant role

0 Answers   State Bank Of India SBI,


How to prepare an Audit Programme of a Private Limited Manufacturing Company? What is the format?

2 Answers  






What is difference between individuals & company? When deducting tds for them how we can compare them?

2 Answers  


I WANT TO DO MY ARTICLE-SHIP FROM DELLOITS KOLKATA..PLEASE HELP??

0 Answers   Deloitte,


what is monthly closings.

1 Answers   OPI Global,


What is a professional?

0 Answers   Ernst Young,


under wchic head will Goodwill come

3 Answers  


what is auditing?

3 Answers  


Where do you see yourself in 5 years time?

2 Answers   Ernst Young,


Categories