Non accounted account
This query is : Open
pinley rods
(Querist)
15 August 2018
i wanted to know if a saving bank A/c (proprietor personal) was not accounted last year.. but his year i want to account the same.. what is the neccesary adjustment or entery to open the Account??
16 August 2018
* The Banks O/B will be taken from Proprietor's capital account...
* Any incomes received other than Business then it will be transferred to Capital account...
Otherwise You can treat normal accounting procedure.
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