HI FORUM .

GOOD MORNING TO U,

A ABC PROPSHIP FIRM BALANCE SHEET AS ON  31.03.2008 ;

CAP ACCOUNT OF PRO       200000.00                               FIXED ASSETS                200000.00

UNSECURED LOAN             100000.00                               BANK ACCOUNT             100000.00

SUNDRY CREDITOR             450000.00                               CASH IN HAND                 50000.00

EXP PAYABLE                           50.000.00                             LOAN                                    50000.00

                                                                                                    STOCK                                400000.00

TOTAL                                    800000.00                             TOTAL                                     800000.00

MY QUESTION IS WHAT ENTERY SHOULD I MADE IN THE BOOKS OF ACCOUNTS ON 01.04.08

IN THE BOOK OS ABC & CO PVT LTD DUE TO THE PROPSHIP FIRM HAS CONVERTED INTO PVT LTD CO.

THANKS WITH REGARD.