Purchase of property for jointly names

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it persons purchase of property jointly names registered.but two persons payment 60+40 amount paid.
question:
above mentioned purchase of property transactions equal amount shareing or 60+40 ratios show in it returns.
Replies (6)

Check the ownership ratio in the purchase deed. If nothing mentioned specifically, take it as 50:50.

@ honourable Dhirajlal sir, cash in hand and capital both are same in balance sheet?? plse explain

No.

                              

@ Dhirajlal Lal rambhia sir actually cash in hand and capital variance in individuals and companies balance sheet please explain

Refer:1.   https://www.investopedia.com/terms/b/budget-variance.asp

Or watch  2. https://www.youtube.com/watch?v=0jfxnTQrdr4

There is no terminology called capital variance..you cannot find it out in balance sheet.
Cash in hand is shown in current asset


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