In a partnership firm one of the partner 'X' had no capital account.…

While preparing the accounting books for a partnership firm, capital account is the base account prepared at earliest. The capital amount is prepared on the basis of capital brougt by the partners. Mr. X being a partner of the firm, still does not have a capital account and the reason for this can that he has not contributed his share of capital in the firm. So there is no need to prepare his capital account due to lack of any amount to be transferred to capital account.