Journal entry passed in the partners Book
This query is : Resolved
22 August 2023
How to pass journal entry in the books of partners A/c
On 31st March Firm Make entry
Partners Capital Account Dr.
To Advance tax
in Partners Book can i pass journal entry on 31st March 2023.
Advance tax A/c Dr
to Partnership Firm A/c
On 31st March Firm Make entry
Partners Capital Account Dr.
To Advance tax
in Partners Book can i pass journal entry on 31st March 2023.
Advance tax A/c Dr
to Partnership Firm A/c
CA R SEETHARAMAN
(Expert)
22 August 2023
It's firm's advance tax, so show it as withdrawal firm's advance tax.
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