21 July 2010
The partnership firm was converted from fim to Pvt ltd co. in the middle of the finacial year. Do we require to make seperate balancesheets for the firm and the co?? or is there any law where we can pass a resolution and we make only co,s balancesheet?
22 July 2010
separate balance sheets and profit and loss account for firm and company will be prepared. no such resolution can be passed as referred in the query.
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