I wan to know how to make patner balancesheet.Please show how to make partner balasheet with suitable example and formate. I have following details if you can use these details and make balansheet of partner.
firm xyz 3 partners
A partner Capital Opening Rs.300000, Remuneration 31-3-18 Rs. 312000, Capital Interest Rs. 25000, Profit 2017-18 Rs. 35000, Profit 2016-17(1-4-17 Posting) Rs. 1050 No drawaings made
THE WAY NORMAL BALANCE SHEET IS MADE
CAPITAL (300000+35000) ON LIABILITY SIDE, PROFIT SHALL BE AFTER PAYING REMUNERATION AND INTEREST.
ASSET SIDE ALL THAT ASSET YOU HAVE AS PER HEADS SPECIFIED
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
