Respective Sir, please help me my Firm (ABC is a partnership firm) closed on 31-03-2014 with loss, our management decided to start a new private limited company name (XYZ Pvt. Ltd) my question is regarding the closed firm's Finishing stock rupee 700000/- aproximate is not sales till date. what is the right way to solve that problems. please reply ???????????
1 Replies
Manoj Mehta
(Head Of Department (Accounts & Finance))
(1479 Points)
Replied 26 March 2014
Sir, when you transfer this amount to new company then take it on cost or market value which ever is lower. I hope answer is clear or you can put a p.m to me. Regards
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