partnership

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survesh (Querist)
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25 March 2009 sir
our firm is partnership firm and the firm partner has withdrawn from firm and created a fd in his name should the fd be acounted in current asset as fd inv. OR debited to partner capital ac

Please say.

Jitender

Jitender (Expert)
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25 March 2009 it should be debited to partner's capital a/c.

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