Investment by Company in Partnership Firm
This query is : Open
nikhil bapat
(Querist)
17 March 2010
Hello friedns
I need ur opinion on the following matter :
A listed company has invested in a partnership firm as a partner. The capital account of the Company in the books of the Firm shows an overdrawn balance as at the date of balance sheet of the Company.
What would be the appropriate disclosure in the Company's balance sheet as per Sch VI?
I need ur opinion on the following matter :
A listed company has invested in a partnership firm as a partner. The capital account of the Company in the books of the Firm shows an overdrawn balance as at the date of balance sheet of the Company.
What would be the appropriate disclosure in the Company's balance sheet as per Sch VI?
CA Ashok Kumar Sahu
(Expert)
17 March 2010
show as Investment in Balance sheet
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