Hello All,
1.Can partner introduce cash in partnership firm from his personal capital and not by cash balance from his personal Balance sheet?
2. What is limit per day or year for the same?
Thanks in advance.
Virag Shah
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Partner introduce cash by his personal capital
Replies (4)
Better to introduce by cheque. Any cash partner can bring in but same amount he can route through his ban account.
Thanks for the reply.
One of our client has already made cash expenses of 4-5 lacs by cash to his new partnership firm.Now what to suggest?
One of our client has already made cash expenses of 4-5 lacs by cash to his new partnership firm.Now what to suggest?
Now credit it as capital introduced by partner in the form of expenses made my him for firm
ok... thanks
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