If there is Debit balance of any one partner's capital account the same will be distributed amongst the remaining partners

Related MCQs

• Before distributing cash amongst partners whatever profit or loss and reserves as per the balance sheet
• In order to find out additional capital of any partner as per surplus capital method of a particular partner whose proportional capital compared to other partner's capital is
• When all the Forfeited shares are not reissued, then the proportionate amount in             must be kept in that account
• In piecemeal Distribution according to Surplus capital method, final deficit of each partner
• If there is a loss prior to incorporation, it will be debited to