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Investment in partnership firm


Gagan Aggarwal   09 August 2020

Gagan Aggarwal

 9 likes  216 points

| My Other Post

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

avater

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.

avater

Yudhishthir Sharma (Article)     09 August 2020

Yudhishthir Sharma
Article 
 13 likes  207 points

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You can show in Balance sheet as investment


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