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Accounting entry of pvt lmt. company

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 May 2014 Dear Sir,
one is my client have consulting services starting from 1 jan 2013 and now he converted that company into Private limitted..and closed first co.
so sir what is accounting entry can i made
i mean i need to start new company from 1 jan 2014 ..and sir can i take previous co.
closing amount in this co. as a opening,
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Guest (Expert)
12 May 2014 no you cant do that... settle the amount of old company first

then start frm the new company
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Querist : Anonymous

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Querist : Anonymous (Querist)
26 July 2014 thanks sir,
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