What is EFFECTIVE CAPITAL in partnership accounts and what is the use of it ?
And also how is EFFECTIVE CAPITAL Calculated..?
thanks in Advance...
Menu
Partnership problem
Replies (2)
effective capital means aggregate of paid-up share capital (excluding share application money), share premium account, reserves & Surpluses (excluding revaluation reserve), long-term loan and deposits repayable after one year minus investments, accumulated losses & preliminary exp. not written off.
But what is the use of effective capital in partnership account...I was solving partnership question and in that question there was effective capital and their calculation was not clear to me... so tell me how to calculate effective capital(IN PARTNERSHIP) ...
thank you
Recent Topics :
- Itr 4 problem
- Capital Gains Mismatch Due to Sale Agreement in FY
- REGARDING NRO INVESTMENT IN SHARES OF DOMESTIC COM
- DTAA benefits
- SUPPLEMENTARY AGREEMENT FOR ADDING A PARTER IN TN
- Part availmement of ITC in case of rejection of su
- Due date for itr 5 no audit with loss for fy 25 26
- Capital Gains Mismatch AIS
- Inward E-way bill from Tally Prime 7.1
- Query regarding exemption under Section 10(10AA) &
Related Topics :
CAclubindia
