Whether investment can be made without payment

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 May 2011 A company has executed a partnership deed on 30th march and doesn't pay any amount for this. how this effects the financial statement as on 31.03.2011?

How we treat this situation in financial statement? either shown as payable to partnership firm in company's books of accounts or shown as notes to accounts? whether it covers under AS - 4

Saurabh Saxena

Saurabh Saxena (Expert)
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18 May 2011 A company cannot execute any partnership deed

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