Three persons formed a Partnership Firm by contributing Rs.4,00,000/- each from their individual file. But on the date of Agreement, Firm have no any Bank A/c . Can a partnership firm Formed by contributing Capital in CASH ?
Thanking You.
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Can a partnership firm Formed by contributing Capital in CAS
Replies (2)
Dear Sir
It does not matter wether a patnership firm has a bank a\c or not.
In other words a partnership firm can also be opened without a bank a\c.
You may open a bank a\c after forming the firm.
I go with Mohit.
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