Partnership related query
This query is : Resolved
Quick Summary
Pranab Kumar Saha
(Querist)
27 May 2020
Respected all, please any one can advice the following.
partnership firm taken a loan from bank and one partner give his FD as security to the bank.
my question is whether this FD to be shown in the books of partnership firm or not?
partnership firm taken a loan from bank and one partner give his FD as security to the bank.
my question is whether this FD to be shown in the books of partnership firm or not?
K Srinivas, CMA CS
(Expert)
27 May 2020
Not necessary to show the deposit details in the books of the firm
CA Sindhu KJ
(Expert)
27 May 2020
Not required to be shown in books of Partnership firm
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