Personal accounts vs firms accounts
This query is : Resolved
06 May 2014
respected sir / madame
i am preparing the accounts of a hospital named kapoor hospital. problem here is this that the prop. of the hospital dr .dinesh kapoor make the payment of self assestment tax for hospital through his personal saving account. side by side i am preparing his personal accounts also.
so i jst want to know what will be the accounting treatment in the capital account of dinesh kapoor (under kapoor hospital) and capital account of dinesh kapoor (under his personal accounts)
please reply as soon as possible
thanking you
i am preparing the accounts of a hospital named kapoor hospital. problem here is this that the prop. of the hospital dr .dinesh kapoor make the payment of self assestment tax for hospital through his personal saving account. side by side i am preparing his personal accounts also.
so i jst want to know what will be the accounting treatment in the capital account of dinesh kapoor (under kapoor hospital) and capital account of dinesh kapoor (under his personal accounts)
please reply as soon as possible
thanking you
06 May 2014
it will be like loan transaction given by him from his savings a/c to hospital,
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