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
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