Fixed assets show in firm or partner account

This query is : Resolved 
Quick Summary
This discussion addresses the accounting treatment for a new car purchased for a partnership firm, where the payment was made from a partner's personal bank account. The consensus is that if the firm's money was used for the purchase, it should be reflected in the firm's accounts. However, if a partner's individual funds were used, the car should be recorded in that partner's personal account, not the firm's.

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(Querist)
14 June 2021 Sir,
A partnership firm purchase of new car .but car purchase value show name of one of a partner name car
partnership firm used purpose.
Question:
Above transactions purchase of car show in firm account or partner individual account books in it act.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
15 June 2021 As money spent by the firm show it in firm's account.
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Kollipara Sundaraiah

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Kollipara Sundaraiah (Querist)
15 June 2021 sir, purchase of new car value payment through on partner individual bank account
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
15 June 2021 Can't be shown in firm's account.
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Aashok Kumar Sharmapro badge

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Aashok Kumar Sharmapro badge (Expert)
20 June 2021 Agree with Seetharaman ji
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