Entry of family accounting
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 August 2011
my director is many times in month transfer his money to his family member like, his daughter,son, wife, brother,
could you pls tell me how can i show in accounts book when he is maintaining his personal accounts book.
presently i m showing these money for each member loan from director is it right ?
advance thanks
could you pls tell me how can i show in accounts book when he is maintaining his personal accounts book.
presently i m showing these money for each member loan from director is it right ?
advance thanks
CA.Tarun Maheshwari
(Expert)
23 August 2011
If you asking for treatment in the personal books of director, then it can be shown as Loan or it can be shwon as gift also, depending on the nature of transaction.
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