Investment in partnership firm

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226 Points Posted on 09 August 2020
how to show investment in partnership firm in sole proprietorship business..if this investment is not show in previous years?
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On 09 August 2020 at 11:49 Report
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This discussion explains how to record an investment made in a partnership firm within your sole proprietorship accounts. You can treat the investment as capital introduced and use journal vouchers for current year entries. The investment can then be clearly shown on your balance sheet.

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Practising CA
8954 Points Posted on 09 August 2020
You can account the opening balance as capital introduced.

and then pass JV for current year entries.
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On 09 August 2020 at 15:35
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Article
207 Points Posted on 09 August 2020
You can show in Balance sheet as investment
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On 09 August 2020 at 16:05

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