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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR 2 Short Term gain & Long term gain
- Itr 1 processing
- Reporting Income under Section 44ADA
- Off Market debit and credit transaction
- Building and other construction workers welfare cess act 1996
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR returnFY25-26
- Delisted shares sold in off market/ Rebate u/s87A
- Error whiling application of GST REFUND (ANNEXURE B)
- While filing GSTR9 accountant couldn't entered the ITC values in Table 6, in 9C it is not accepting
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
