Addition of saving bank account in new firm

This query is : Resolved

bharat (Querist)
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18 December 2015 Dear Expert
I just wanted to ask that
my friend has started a new buisness.
While introducing a capital he used his personal saving account and had given a cheque to new current account.
He had not maintained his personal account in his accounting.
When someone told him about this he decided not to account his personal bank account.

What is solution.
Please Tell

Thanks in advance

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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19 December 2015 Yes. owner personal savings account cannot be shown in business, open on current account for business purpose and operate the same

bharat

bharat (Querist)
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01 January 2016 thanks sir,
But he had already shown that account in buisness.
Although he opened a current account but on 1st apr 2015.

now what to do with that personal account.