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Treatment of Investment in proprietorship investment in peraonal books of accounts

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Student CA Final
22 Points Joined July 2014
a person maintaining two sets of books of accounts (i. e personal and business) he wants to show only his gross investment in personal balance sheet and dont want to add profit on yearly basis in personal accounts is this possible or not?
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On 12 July 2018 at 10:01 Report
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SEO Sai Gr. Hosp.
211555 Points Joined July 2016

Maintain capital account......... & don't transfer the capital to BS. (for own sake)

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On 13 July 2018 at 09:32

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