Accounts proble
This query is : Resolved
04 January 2013
Sir,
I am a accountant of a pertnership firm , this year we have open one new shop as rent basis from previous shop user, previous shop owner take rs. 25 lakh as this shop,
please tell me how i can post this 25 lakh on account.
I am a accountant of a pertnership firm , this year we have open one new shop as rent basis from previous shop user, previous shop owner take rs. 25 lakh as this shop,
please tell me how i can post this 25 lakh on account.
04 January 2013
Sorry. could not get you. 25 lakh is what? Deposit or Advance rent? Please clarify.
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04 January 2013
Sir
we given secqurity to land lord 10 lakhs and 25 lakh given to shop keeper as goodwill including furniture & fixture by cheque , we have change the title and now run by us.
Please confirm whethere we get it it benifit of 25 lakh and under which had it will go.
we given secqurity to land lord 10 lakhs and 25 lakh given to shop keeper as goodwill including furniture & fixture by cheque , we have change the title and now run by us.
Please confirm whethere we get it it benifit of 25 lakh and under which had it will go.
05 January 2013
10 lakh shall stand as DEPOSIT.
25 lakh shall go to fixed asset. (If break up is available, debit the amount break wise.) Depreciation can be charged on this.
25 lakh shall go to fixed asset. (If break up is available, debit the amount break wise.) Depreciation can be charged on this.
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05 January 2013
Sir,
Can i take Rs. 25 lakh as expenses , reason there are 4 partners in a firm but only 1 partner invest capital and appoint a 3 partners for run the business and profit give to 25% each , if they leave the firm 1 or 2 years later than only 1 partners bear losses 25 lakh alone if shop are not resale with same or high price . because 3 ares not invest any amount as capital, than from whome we collect money @625000/=each partners.
so , please give me soluation about 25 lakh.
Can i take Rs. 25 lakh as expenses , reason there are 4 partners in a firm but only 1 partner invest capital and appoint a 3 partners for run the business and profit give to 25% each , if they leave the firm 1 or 2 years later than only 1 partners bear losses 25 lakh alone if shop are not resale with same or high price . because 3 ares not invest any amount as capital, than from whome we collect money @625000/=each partners.
so , please give me soluation about 25 lakh.
05 January 2013
Please do not debit to expenses. Debit fixed asset and credit the capital account of the one who has invested the money.
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