Gold purchase form company
This query is : Resolved
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
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.
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
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
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Opting our of sec 44AD
- Value of property in capital gain
- Regarding TDS Applicability For Director Remuneration
- Multiple trade mark
- LC charges in relation to Asset purchased should be Capitalised ?
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Copyright software
- Transporter Declaration form
- Applicability of GST on deduction for cancellation of Pension policy
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
