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
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
Similar questions