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Treatment of Proprietors Capital

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13 March 2020 What is the treatment of Capital Balance appearing in Proprietorship Firms Balance Sheet if 3 legal heirs out of 4 decides to run proprietorship business as partnership firm.
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Aashok Kumar Sharma online

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Aashok Kumar Sharma online (Expert)
05 May 2020 It will remain the same unless proprietorship is dissolved or new partnership deed is prepared among partners. You may follow the The Indian Partnership Act, 1932

https://www.mca.gov.in/Ministry/actsbills/pdf/Partnership_Act_1932.pdf
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Aashok Kumar Sharma online

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Aashok Kumar Sharma online (Expert)
30 May 2020 It will remain the same unless proprietorship is dissolved or new partnership deed is prepared among partners. You may follow the The Indian Partnership Act, 1932 https://www.mca.gov.in/Ministry/actsbills/pdf/Partnership_Act_1932.pdf
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