Partnership accounts
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 November 2014
Registration of Partnership Firm is not Compulsary :--- please Comments
2) Is It Necessary to bring capital by all the partners in partnership firm::___ comment
03)Whether it is compulsary to maintain partners current accounts in all type of partnership Fir" :- Comments
04) Balancesheet is the Picture of the Financial position of Firm :- Explain how??
05) Net Profit is the tru and correct profit of the partnership firm :- explain your opinion
I urgently need your expert opinion
2) Is It Necessary to bring capital by all the partners in partnership firm::___ comment
03)Whether it is compulsary to maintain partners current accounts in all type of partnership Fir" :- Comments
04) Balancesheet is the Picture of the Financial position of Firm :- Explain how??
05) Net Profit is the tru and correct profit of the partnership firm :- explain your opinion
I urgently need your expert opinion
07 November 2014
1.) No, it is not compulsory to register partnership firm.
2.) Not necessary to bring cap. by all partners.
3.) Not compulsory to maintain current account of partners.
4.) Balance sheet shows financial position because it shows all assets (current, fixed etc.) and liabilities (current and long term etc) as well.
5.) If all expenditures and properly accounted then net profit shows the correct picture.
Thanks.
1.) No, it is not compulsory to register partnership firm.
2.) Not necessary to bring cap. by all partners.
3.) Not compulsory to maintain current account of partners.
4.) Balance sheet shows financial position because it shows all assets (current, fixed etc.) and liabilities (current and long term etc) as well.
5.) If all expenditures and properly accounted then net profit shows the correct picture.
Thanks.
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 November 2014
Thanks Mr Devanand For your Answer but Sir, i have still some confusion Like Why It is not necessary to register Partnership Firm
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