capitalof proprtor
This query is : Resolved
14 January 2009
sir
if a partner has a propriter firm and transation has been made for partnership from propriter what points sholud be checked while finalaziaton of prop capital ac
if a partner has a propriter firm and transation has been made for partnership from propriter what points sholud be checked while finalaziaton of prop capital ac
15 January 2009
All transaction pertaining to the firm from the proprietory accounts should be reflected in the Partner's Capital account as appearing in the books of accounts of the firm and the account of the firm in the books of the proprietor. At the year end the closing balance of the partner's capital account should correspond to the balance in the Proprietor's books.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Unanswered Queries
- GST Refund SB005 Error
- Notice u/s.148- Asstt.Year 2015-2016
- Invoice Numbers WROGLY ENTERED
- TDS on purchase of value vouchers for employees ?
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
