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Inter co transactions

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(Querist)
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
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
05 February 2016 Yes the transactions can be shown as loans and advances in the books.
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CA Harish Suwalka

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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
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PRATIKSHA

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PRATIKSHA (Querist)
05 February 2016 if it is shown under capital account whether it is correct??
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