CONVERSION OF PARTNERSHIP INTO COMPANY
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 January 2010
ONE PARTNERSHIP FIRM IS BEING CONVERTED INTO PVT LTD COMPANY IN THE VERY FIRST YEAR OF BUSINESS. HOW THE ACCOUNTS ARE TO BE PREPARED AS ON THE DATE OF TAKE OVER OF PARTNERSHIP BY THE COMPANY.
shakuntala chhangani
(Expert)
04 January 2010
Hi, pass the Journal entries upto the date of conversion, make the trial balance n financial statements and then pass the dissolution entries in the books of partnership firm and the take over entries in the books of newly opened co. Regards, CA Shakuntala Chhangani
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