CA.kaya
(Chartered accountant)
(3990 Points)
Replied 06 July 2009
i think it can be paid by sis concern, but give transfer entry TO pvt ltd co BY partnership firm for the amt paid.
RITESH KOTHARI
(B.COM, FCA, DISA(ICAI))
(778 Points)
Replied 06 July 2009
IT CAN BE PAID BY THE FIRM.
THE CORRECT ENTRY WILL BE:
AUDIT FEES Dr.
TO PARTNERSHIP FIRM
Aditya Maheshwari
(CA in Practice)
(35867 Points)
Replied 06 July 2009
Yes payment can be made on behalf of the company. But expenses will be booked in the books of the company only.
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