How to acertain that a partnership firm is acquired by the pvt ltd company.
In my case a partnership firm is acquired by a pvt ltd company. All the asset and liablity of the firm is acquired.
How the entries are passed on balance sheet & profit and loss statment
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Partnership firm acquire by a pvt ltd company
Replies (1)
Private Ltd Co account debit
To all assets of firm account credit
To all assets of firm account credit
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