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ABOUT DATE OF STARTING

1167 views 2 replies

Kumar Gaurav

Going...to be C.A soon...

1624 Points Joined June 2007

RESPECTED ALL,

WE HAVE STARTED OUR PARTNERSHIP FIRM FROM 25-04-2007 BUT SECURITY AMOUNT (45,000/-) OF RENT IS PAID BY PARTNER BROTHER FROM HIS PERSONAL ACCOUNT ON BEHALF OF FIRM IN DATED 22-03-07 & ON 9-04-07 IN TWO INSTALLMENTS.

NOW I WANT TO KNOW THAT HOW CAN I SHOW ENTRY IN BOOKS AND IN WHICH DATE BCOZ FIRM IS STARTED IN 25-04-2007.

ANYBODY TELL ME URGENTLY

THANKS

GAURAV KUMAR

Replies (2)

RUDRA DATT

practice

78 Points Joined June 2007

YOU CAN PASS ENTRY ON 25-04-2007 IN FIRM BOOKS CREDIT PARTNER CAPITAL ACCOUNT AND DEBIT SECURITY DEPOSIT ACCOUNT AS THE FIRM CAME IN EXISTANCE ON 25.4.07 AND IN PARTNER RETURN YOU CAN DEBIT AS ADVANCE FOR NEW FIRM A/C AND ON 25.4.07 YOU CAN DEBIT THE INVESTMENT IN NEW FIRM.

Guest

441655 Points Joined August 2012

HELLO RUDRA DATT, I HVE READ UR OPINION BUT I WOULD LIKE TO CLARIFY THAT WE HAVE GOT OUR TIN NO. ON DATED 6-6-07 IT MEANS OUR TAX LIABILITY RAISED FROM 6-6-07 AND SECURITY AMOUNT IS PAID BY PARTNER BROTHER FROM HIS PERSONAL ACCOUNT SO, PLZ CLARIFY THE ENTRIES