Floated a company
This query is : Resolved
26 March 2008
I have recently floated a company.. intially i used to receive the revenue of my business in the name of two of my family members.. and since i hve entered into a long term contract with the concerned ppl i would still receive the revenue in the name of my family members only .. but i want to show the revenue in the company how can i do it????
11 May 2012
You should transfer the amount to the bank a/c of the company.
In the books of the company the following entries shall be passed:
1. Aisha A/c Dr
To Debtor A/c
(Being payment received by Aisha on behalf of the company)
2. Bank A/c Dr
To Aisha
In the books of the company the following entries shall be passed:
1. Aisha A/c Dr
To Debtor A/c
(Being payment received by Aisha on behalf of the company)
2. Bank A/c Dr
To Aisha
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