New partner in firm
This query is : Resolved
manish i. darji
(Querist)
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 ?
CA UMESH DULAL
(Expert)
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.
Sandeep Dharar
(Expert)
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.
manish i. darji
(Querist)
18 June 2014
thank you for solved my query.
manish i. darji
(Querist)
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.?
Sandeep Dharar
(Expert)
18 June 2014
Whats the Problem in showing QTY. Just post a normal entry.
CA UMESH DULAL
(Expert)
18 June 2014
show the actual quantity purchased
Rupesh Jain
(Expert)
18 June 2014
you can book purchases of goods with qty.
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