LOSS OF PARNTERSHIP COMPANY
This query is : Resolved
14 July 2022
SIR
WE HAVE PARTNERSHIP FIRM, NEWLY STARTED IN MONTH OF FEB-2022, NOW WE PREPARE TWO MONTHS FINANACIALS. P& L SHOWING LOSS. THIS LOSS WE HAVE TO TRANFER PARTNERS CAPITAL ACCOUNT OR ANY OTHER ACCOUNT
AND HOW ACCOUNT LOSS
PLEASE HELP ME
WE HAVE PARTNERSHIP FIRM, NEWLY STARTED IN MONTH OF FEB-2022, NOW WE PREPARE TWO MONTHS FINANACIALS. P& L SHOWING LOSS. THIS LOSS WE HAVE TO TRANFER PARTNERS CAPITAL ACCOUNT OR ANY OTHER ACCOUNT
AND HOW ACCOUNT LOSS
PLEASE HELP ME
14 July 2022
No. The loss will be carried forward in the firm's account itself.
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