partnership
This query is : Resolved
13 March 2009
sir
our firm is a partner ship firm.the partners of the firm had paid chq for medicine required to them. should the transtion is tobe posted as expenses or to their capital ac
please say
capital partner dr
bank cr
our firm is a partner ship firm.the partners of the firm had paid chq for medicine required to them. should the transtion is tobe posted as expenses or to their capital ac
please say
capital partner dr
bank cr
13 March 2009
Transaction to be posted to concerned partner drawings account and inturn to be transfered to capital or adjusted against profits of the year.
13 March 2009
Technically Partners DR
Practically it is debited to expenses
Practically it is debited to expenses
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
- About TDS & Income Tax
- Tax on Deemed Capital Gain
- Scrutiny and reopening of past returns
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- ASMT-10 received from A O
- Rental income of jointly held property
- Accounting with Claude
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
