Hello Everyone,
In Partnership accounting the Partnership Deed Consists of 3 Partners X,Y&Z in which X is a sleeping partner who invested 42 % of total capital and rest equally by other partners,but the deed specify the profits should be shared equally by Partner Y & Z (i.e no profit for sleeping partner),Please guide which are all accounts to be prepared
1.X,Y & Z capital account 2.Y & Z current account
Query : Is it required to prepare current account of Sleeping partner (X) ?
CAclubindia
