Accounts

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Querist : Anonymous

Querist : Anonymous (Querist)

07 July 2015 Tax portion on profit in partnership firm – This expenes where to be debit in parnters account, if this partner status is company.

Sandeep Dharar (Expert)
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07 July 2015 No need to enter it anywhere in the partner's books. Only share of profit from the firm will b recorded in firm's books of accounts.

Querist : Anonymous

Querist : Anonymous (Querist)

07 July 2015 IF PARTNERS CAPITAL ACCOUNT SHOWING THIS AMOUNT IN WITHDRAWAL ACCOUNT THEN ?

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