When partnership firm loss
This query is : Resolved
31 December 2015
Dear sir/Madam
plz help me, my partnership firm started f.y. 14-15, but first year firm is loss, can all expenses trf to capital a/c
plz sir guide
plz help me, my partnership firm started f.y. 14-15, but first year firm is loss, can all expenses trf to capital a/c
plz sir guide
01 January 2016
Dear
Distribute the loss among partners in the profit sharing ratio.
The loss will ultimately trf to capital account of partners.
It is the correct treatment
Do no trf all expenses to capital A/c.
Distribute the loss among partners in the profit sharing ratio.
The loss will ultimately trf to capital account of partners.
It is the correct treatment
Do no trf all expenses to capital A/c.
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