Outstanding balance amount partner capital account trans
This query is : Resolved
Kollipara Sundaraiah
(Querist)
02 August 2021
Sir,
A partnership firm two partners one partner another individual business maintained.if individual business maintained partner selling of goods value rs:6 lacs to partnership firm.
Question:
A partnership firm rs:6 lacs balance amount transferred to one of the partner capital account transfer adjustment accounting entry passed in books allowed in it act.
A partnership firm two partners one partner another individual business maintained.if individual business maintained partner selling of goods value rs:6 lacs to partnership firm.
Question:
A partnership firm rs:6 lacs balance amount transferred to one of the partner capital account transfer adjustment accounting entry passed in books allowed in it act.
CA R SEETHARAMAN
(Expert)
02 August 2021
Yes, such entry allowed.
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