rent to partner

This query is : Resolved

reshma (Querist)
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05 November 2009 Dear Sir,
Pls suggest if a comapny is giving rent to his one of partner as rent on Land & Build., whether it should be only shown in capital a/c or it should also reflact in P & L a/c as expense.
Thanks

Guest

Guest (Expert)

09 November 2009 One can Show as an expense.

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