CA
22 Points
Posted on 30 July 2018
Dear Sirs,
01. In the case of a parter of firm engaged in accounting and auditing work, what business code to be used ? Is it 0001 or 16002 ?
02. The partner's share in the profit of the firm is around Rs.75000/- and remuneration credited to capital account is around Rs.180000/-.
03. As filling up of P&L and Balance Sheet is not manadatory as indicated in various replies, only schedule BP and other relevant schedules are only filled in.
Shall be glad to be guided in the matter.
Regards.