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Querist : Anonymous

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Querist : Anonymous (Querist)
15 July 2013 I am accountant of a newly formed partnership firm which has no business activity during the year except bank charges of 315/- for the year. Can i Carry forward the same under Capital Head in my accounts. Or I have to share the same among the existing partners?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
18 July 2013 need to debit the p&l a/c and loss can be shared between partners as agreed ratio

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