why opening balance is matched while finalisation of balance sheet.
why maintained separately current and fixed capital in partnership firm /LLP.
what is its benefit. please reply
what is capital contribution in case of LLP/partnership firm,Please reply
what will be the treatment in the case of individual books
when only single single ledger is maintained , then no issue but
when Fixed or current capital maintained,
the how to make adjustment of profit /Loss or other transaction,
whether loss /profit is adjusted with current capital or fixed capital,
in the case of LLP
what will be the treatment of loss / profit in the case of an individual.
what is treatment of Loss /profit in the case of company.
How to make treatment.
in which condition interest treated as revenue and capital expenses.
In which condition bank balance may be debit balance.
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Journal entry in the case of secured loan