Partners s/b interest and bank charges
This query is : Resolved
raghavendra b
(Querist)
28 June 2018
DEAR MADAM/SIR,
PARTNERS INDIVIDUAL S/B ACCOUNT BANK CHARGES AND S/B INTEREST ARE TRANSFER TO PARTNERSHIP FIRM PROFIT AND LOSS A/C IS CORRECT OR NOT IF WHILE FEEDING S/B ACCOUNT DETAILS CASH DEPOSITS ARE DRAWINGS IN THE HANDS OF PARTNERS
PLEASE SUGGEST ME
REGARDS
PARTNERS INDIVIDUAL S/B ACCOUNT BANK CHARGES AND S/B INTEREST ARE TRANSFER TO PARTNERSHIP FIRM PROFIT AND LOSS A/C IS CORRECT OR NOT IF WHILE FEEDING S/B ACCOUNT DETAILS CASH DEPOSITS ARE DRAWINGS IN THE HANDS OF PARTNERS
PLEASE SUGGEST ME
REGARDS
raghavendra b
(Querist)
28 June 2018
thank you for your reply sir,
this is my new case previous chartered accountant accounting all the s/b accounts in the firms account and maintained separate capital and current account ledgers and bank charges of the s/b account transfer to profit and loss a/c of firm account. So i am confused that so it is fair to debit expenses account
regards
this is my new case previous chartered accountant accounting all the s/b accounts in the firms account and maintained separate capital and current account ledgers and bank charges of the s/b account transfer to profit and loss a/c of firm account. So i am confused that so it is fair to debit expenses account
regards
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