Can a proprietorship be converted into partnership & how to treat proprietor's receivables as capital introduced or else.
Thanks
Regards.
Menu
conversion of proprietorship to partnership.
Replies (1)
Yes. Proprietorship Firm can be converted to a Partnership Firm as a Going Concern.
The networth of the existing business would be considered as the capital introduced by the erstwhile proprietor.
Recent Threads
- Discuss and Download CA Inter Question Paper Janua
- Discuss and Download CA Final Question Paper Janua
- Accounting Entry for samples received from princip
- Many of my clients who are bank employees received
- Missed filing for AY 2022-23. TDS refund possible
- Form 26QB: Assessment Year Based on Payment Date o
- Revision of Tax Audit
- IT Return 2023-24
- LUT for Companies Using EVC and Not DSC?
- UDIN Generation 44ADA
Related Threads
CAclubindia
