debtor or deposit
This query is : Resolved
25 September 2009
A person is proprietor of M/s ABC and also partner in XYZ a partnership firm.
Now XYZ paid Rs : 6 lac to M/s ABC through chque. No interest has been charged from M/s ABC. It would treated as deposit or deduct from partners capital in firm ? kindly suggest me .
Now XYZ paid Rs : 6 lac to M/s ABC through chque. No interest has been charged from M/s ABC. It would treated as deposit or deduct from partners capital in firm ? kindly suggest me .
25 September 2009
If any business service is not provided by abc to xyz then it is treated as withdrawl. but if any service is provided by abc to xyz then same is treated as advance.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Off Market debit and credit transaction
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- Reporting Income under Section 44ADA
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR 2 Short Term gain & Long term gain
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR returnFY25-26
- ITR selection for salaries and capital gain less than L
- ITR 1: Details for showing Exempt Income
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
