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Partnership firm & a new partner added and a old partner removed
Dear Sir, in a partnership firm one old partner removed and one new partner added, in this case, balance sheet will be one or two, pls..
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Quick Summary
Single balance sheet
As per income tax act one balance sheet is required.
In case the settlement purpose You can prepare a balance sheet on removed date for financial position as on date.
In case the settlement purpose You can prepare a balance sheet on removed date for financial position as on date.
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| Originally posted by : Tapas Samadder | ||
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