New partner in firm
This query is : Resolved
18 June 2014
Dear Sir,
if new partner is entered in to firm during the f.y. ( feb ) and he gets monthly salary some amt. can i capitalised his annual salary or from feb only ?
if new partner is entered in to firm during the f.y. ( feb ) and he gets monthly salary some amt. can i capitalised his annual salary or from feb only ?
18 June 2014
He can capitalized the salary (by not withdrawing salary and transferring it to capital a/c) but only from the date he has joined the firm.
18 June 2014
The Salary can b capitalized by the Partner by not withdrawing the salary, and transfer to capital account. But the important thing is the capitalization(of salary) can b done on and from his date of admission.
18 June 2014
thank you for solved my query.
18 June 2014
Dear sir,
i purchased the rawmaterial in partnership firm how can i show with qty.?
i purchased the rawmaterial in partnership firm how can i show with qty.?
18 June 2014
Whats the Problem in showing QTY. Just post a normal entry.
18 June 2014
show the actual quantity purchased
18 June 2014
you can book purchases of goods with qty.
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
- 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
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
