Inter co transactions
This query is : Resolved
04 February 2016
if an individual i.e if he is a proprietor of 3 enterprises then whether transactions between all the three can be shown as loans and advances given or taken if no sale purchase transaction is their??? books are maintained in tally software
05 February 2016
Yes the transactions can be shown as loans and advances in the books.
CA Harish Suwalka
(Expert)
05 February 2016
It should be shown as investment, because a proprietor invests in his firm, he does not lend the firm
05 February 2016
if it is shown under capital account whether it is correct??
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