Mr. Ashok Gupta is a Karta of a HUF Firm, ABC Trading Co.
He purchased a vehicle in his name but the payment was done through the bank of the firm
Can it be shown as Fixed Assets of the firm?
Mr. Ashok Gupta is a Karta of a HUF Firm, ABC Trading Co.
He purchased a vehicle in his name but the payment was done through the bank of the firm
Can it be shown as Fixed Assets of the firm?
YES MR. ASHOK SHOWN vehicle IN FIXED ASSETS.IF FIRM IS PROPRITORSHIP
yes u can show
Obvious it will be shown.
Yes, because he is represenring that particular enterprise/ HUF.
Shyam Joshi & Associates
Pune
B.Com
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