Capital Matter
This query is : Resolved
21 February 2009
Hi
I have two Questions please answer.
1.can we introduced capital in cash in proprietorship concern if yes what is the limit.
2.there was a refund of income tax and proprietor has deposited it in his personal A/c so can i treat it as drawing.
I have two Questions please answer.
1.can we introduced capital in cash in proprietorship concern if yes what is the limit.
2.there was a refund of income tax and proprietor has deposited it in his personal A/c so can i treat it as drawing.
21 February 2009
1. No harm. No limit.
2. Yes it is drawings.
2. Yes it is drawings.
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