Accountancy, asked by cavin4269, 1 year ago

WHY:

If partner's capital account shows a debit balance after all adjustments then his loan account is transferred to his capital account?

Answers

Answered by aryan714726
1

as per question requirements if he said paid the debit balance so that u have to pay from bank

another case question said half of the amount paid from bank and half of the amount transfer to loan account

another case whole debited balance after all adjustment transfer to loan account because this time firm has not much money to pay that person so that he transferred to loan .I hope this answer clear your problem

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