Adjustment with Fixed or current Capital in LLP/partnership firm
This query is : Resolved
20 October 2024
whether loss /profit is adjusted with current capital or fixed capital,
in the case of LLP
in the case of LLP
Dhirajlal Rambhia
(Expert)
21 October 2024
In an Limited Liability Partnership (LLP), the loss/profit is typically adjusted with the current capital, not the fixed capital.
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