Profit and loss account at admission of partner
Atharv Sankliya (1323 Points)
14 November 2022
does profit and loss account is prepared at admission of partner ??
Atharv Sankliya (1323 Points)
14 November 2022
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(166645 Points)
Replied 15 November 2022
Yes, At the time of admission of a partner, any balance remaining in the profit and loss account is transferred to the old partners' capital accounts in the old profit sharing ratio.
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
