conversion of proprietorship into private limited company
This query is : Resolved
11 July 2011
Sir,
what will be the accounting treatment when a proprietorship concern is converted into private limited company?
what will be the accounting treatment when a proprietorship concern is converted into private limited company?
11 July 2011
no such separate and different accounting treatment,new entity i.e. company will account for what it has taken over...depending on nature of transactions.
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