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Huf

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(Querist)
17 December 2011 DEAR FRIENDS,

WHEN HUF IS CREATED & BANK ACCOUNT IS OPENED IN THE NAME OF HUF, THE AMOUNT DEPOSIT (SAY RS.10000). WHAT IS THIS AMT. CAPITAL OF HUF OR LIABILITY.
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CA. RICHI SAXENA

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CA. RICHI SAXENA (Expert)
17 December 2011 THIS AMOUNT WILL BE TREATED AS CAPITAL INTRODUCED. AND ON OTHER HAND OF BALANCE SHEET THIS AMOUNT WILL BE SHOWN UNDER BANK ACCOUNT.
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