mohd irfan (acct.) (82 Points)
09 July 2018I wan to know how to make patner balancesheet.Please show how to make partner balasheet with suitable example and formate. I have following details if you can use these details and make balansheet of partner.
firm xyz 3 partners
A partner Capital Opening Rs.300000, Remuneration 31-3-18 Rs. 312000, Capital Interest Rs. 25000, Profit 2017-18 Rs. 35000, Profit 2016-17(1-4-17 Posting) Rs. 1050 No drawaings made
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 09 July 2018
THE WAY NORMAL BALANCE SHEET IS MADE
CAPITAL (300000+35000) ON LIABILITY SIDE, PROFIT SHALL BE AFTER PAYING REMUNERATION AND INTEREST.
ASSET SIDE ALL THAT ASSET YOU HAVE AS PER HEADS SPECIFIED
CAclubindia
