HELLO FRIENDS, IF THE PARTNERSHIP FIRM HAS PURCHASED THE CAR BUT CAR IS IN THE NAME OF THE PARTNER. CAN THE FIRM CAPITALISE THE CAR IN THE FIRM BOOKS OR NOT.
INSTALLMENT IS PAID FROM THE FIRM CURRENT ACCOUNT.
PLS. HELP ME.
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Partnership firm
Replies (4)
yes you can capitalize the car in firm name if the benificial owner of the car is your firm
ANY OTHER REPLIES PLS.
yes, u can capitalised car in the firm name .
yea it is treated as firm 's asset.
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