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Started SB joint account for partnership in the name of 2 partners
we are started a partnership business now. Before starting the firm we are opened a joint SB account in 2 partners name. After starting the business we are opened a CA in firm's name.Is all the transactions through the old SB acct is considered as firms transactions or not
Replies (1)
Yes, routed through (first holder) partner's capital account.
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