Partnership firm related query
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 January 2013
If a home loan is taken by a partner and the emi is deducted from patnership firm's bank account
What will be it's effect?
What will be it's effect?
Guest
Guest
(Expert)
11 January 2013
Debit the Partner's capital account and consider it as drawings.
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