Gold purchase form company
This query is : Resolved
Harshavardhan
(Querist)
20 August 2011
Dear Experts
We have one proprietorship company..
Now we bought some gold for Rs.1,00,000/- through company bank account. Bills has received from the buyer in the name of company..
Please advice how account. It has come under owners drawings or company asset..
Thx & Rgs
Harsha
We have one proprietorship company..
Now we bought some gold for Rs.1,00,000/- through company bank account. Bills has received from the buyer in the name of company..
Please advice how account. It has come under owners drawings or company asset..
Thx & Rgs
Harsha
U S Sharma
(Expert)
20 August 2011
it would reflect in company as drawings, in company books.
in proprietors balance sheet it will show as assets.
in proprietors balance sheet it will show as assets.
Harshavardhan
(Querist)
20 August 2011
Thank for your reply
I have received bills in name of company... is there any problem
Thx & rgs
harsha
I have received bills in name of company... is there any problem
Thx & rgs
harsha
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