16 October 2018
R/sir Kindly request to resolve my problem in proprietorship accounting as soon as possible:- 1.) If salary or any remuneration is paid to proprietor is it allowed as business expenses or not and 2.) If for proprietorship business, proprietor uses their own property and for this if Rent paid by business to proprietor is it allowed as business expenses or not. (If we consider above both transactions by considering "Entity concept" of accounting)
CAclubindia
