watch_later 30/10/21

sir,

A partnership firm one of the partner cash withdrawls some amount after partner capital account debit balance show.

Question:

partner capital account debit balance show procedure in balance sheet.

1 Response | Latest response: 19/11/21 | Sort by Likes(thumb_up) Recent | Income-Tax Reply
watch_later 19/11/21

Your question is not very clear but what I understand is how to disclose the partners capital debit balance in balance sheet ?. It can be shown on the assets side as last item disclosing " Partners Capital Balance Rs.xxx" or you can show it on liabilities side also. Take some example from Google.

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