If a partner fails to contribute the amount equal to her negative capital account balance,then it can be recovered:
A)from that partner's assets.
B)by obtaining an undertaking from that partner.
C)from the other partners.
D)by charging the creditor's account.

Question

Quizplus · Accepted Answer

Some partners may have a positive capital account balance and other partners may have a negative capital account balance.During winding up,some partners may be required to contribute to enable the partnership to pay the claim of another partner.

If a Partner Fails to Contribute the Amount Equal to Her