addition to capital
This query is : Resolved
14 May 2008
if a partner introduces capital in the form of all his personal assets and liabilities (of his proprietorship firm), will the documents now have to bear the name of the partnership firm in case of a land or building
S.Srinivasaraghavan
(Expert)
14 May 2008
Yes, the said movable assets of cash and bank balances will belong to the firm henceforth the transfer.
KAUSTUBH M JOSHI
(Expert)
14 May 2008
I agree with S S sir.
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