08 August 2023
Hello, could anyone help me in this query,
An Individual who runs a Proprietorship business started a Separate Private Limited Company as a Managing Director in which he invested Rs. 10 lakhs for new account opening of Private limited company as his part of his share capital. How to record the initial share investment made in following:
1) In the Books of Sole Proprietorship Accounts & 2 ) In the books of Private Limited Co. initial capital introduced by a Managing Director.
What are the accounting treatment & under which heads the respective accounts should be created.
CAclubindia
