entry in tally
This query is : Resolved
25 November 2009
residential flat purchase from buisness money in bal. sheet i show as asset or drawing ? (individual a/c finallisation in tally)
25 November 2009
If the proprietors balance sheet is different from individual balance sheet then it will be debited in the prop. a/c if not then it will be shown as other assets
25 November 2009
show it in business balance sheet only it may help for bank finance in the future and if you debit the same your capital may become negative also.
25 November 2009
Show this in business balance sheet. If any loan is there then show this loan in the business balance sheet. This give add some weightage to the balance sheet.
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