Rent Purpose

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Mr. Ram  & Mr. Shyam partner of a company Name ABC Enterprise , Every month ABC Enterprise   given Partners  salary to Mr. Ram  & Mr. Shyam , Recently  Mr. Ram & Mr. Shyam  jointly purchase a Garage in their PERSONAL Name (share 50:50 percentage )  . Now Mr. Ram  & Mr. Shyam want show this garage ABC Enterprise garage rent purpose to    .

ABC Enterprise can Show this traction in book?

Replies (2)
I think yes you can show this transcation in books of ABC enterprises
Yes. ABC enteprise partnership firm can pay rent to Mr. Ram and Mr. Shyam for using the garage for business purposes. Sign a rent agreement for administrative convenience

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