Bank account regards

This query is : Resolved

Amarnath (Querist)
Follow

02 June 2020 Dear sir /madam,
I started proprietorship concern in sep 19. I have maintaining my accounts transaction in tally. I already have a balance in my savings account of RS 140000.00 in Aug 31 . My doubt is shall I consider this amount as capital account or else. I cannot make the opening balance. Please suggest me sir

c.bakshi

c.bakshi (Expert)
Follow

03 June 2020 THE BALANCE IS YOUR SAVING ACCOUNT IS NOT YOUR CAPITAL UNTIL OR UNLESS YOU TRANSFER OR INTRODUCED THAT AMOUNT IN YOUR BUSINESS

Amarnath

Amarnath (Querist)
Follow

03 June 2020 Dear Sir,
As per my previous query i have raised two question you sir
suppose the business transaction is made in my saving account then what i do sir?
suppose if not made any business transaction then how can consider the balance sir?

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Rasheed Mohd Abdul

ASHOK KUMAR TEKURU

Nithish Kothari

Mohit Kumar

KANISHKA HISARIA

Subscribe Now

Bank account regards

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA