Discussion:Partnership and C-mix money used

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Discussion Forum Index --> Accounting Questions --> Partnership and C-mix money used

Samal (talk|edits) said:

4 May 2008
Please help!! Same 3 idvid.have a partnership and C corp.

Partnership A has bank account, sales permit and income C Corp has the same. Money have been deposited in A and C. Payroll run through C. Expenses have been paid through A and C. Sales tax (A+C) was reported under C. Do I have to separate income/expenses by C and A and report them separately. Do I have to amend sales tax reports? What is the best way to hadle this cituation? Thanks!

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