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Investment in partnership firm

Gagan Aggarwal   09 August 2020

Gagan Aggarwal

 9 likes  216 points

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how to show investment in partnership firm in sole proprietorship business..if this investment is not show in previous years?


Raj C Doshi (Practising CA)     09 August 2020

Raj C Doshi
Practising CA 
 281 likes  3989 points

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You can account the opening balance as capital introduced.

and then pass JV for current year entries.


Yudhishthir Sharma (Article)     09 August 2020

Yudhishthir Sharma
 13 likes  207 points

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You can show in Balance sheet as investment

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