A capital deficiency means that:
Answer
At least one partner has a debit balance in his/her capital account.
| The partnership has been sold at a loss. | |
| At least one partner has a debit balance in his/her capital account. | |
| The partnership has a loss. | |
| At least one partner has a credit balance in his/her capital account. | |
| The partnership has more liabilities than assets. |
At least one partner has a debit balance in his/her capital account.