Loan related query
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 December 2014
My Client has Proprietorship business which manufacture ladies bags. She (Proprietor) had taken loan from her husband for business. She has two account in her books of a/c one is current a/c and another is personal a/c. Loan received through personal a/c and she wants to repay loan. whether she can pay through personal a/c or has to be through current a/c. And whether i have to prepare two balance sheet one for personal & Proprietorship or we can merge it?
10 December 2014
only 1 bal sheet to be made but if she wants to show business loan then must be routed through current account
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