Partnership

This query is : Resolved 

20 August 2014 Dear sir/madam, Can capitalize the assets purchased before the commencement of partnership deed which were in the name of partners.

20 August 2014 you can transfer the assets in the name of partnership and fair value of such assets can be taken as capital contribution of partners.

20 August 2014 you can transfer the assets in the name of partnership and fair value of such assets can be taken as capital contribution of partners.

21 August 2014 YES partner assest tfr to partner ship firm and take the assets amount as capital of partners.

21 August 2014 YES partner assest tfr to partner ship firm and take the assets amount as capital of partners.


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