Treatment of Entries
This query is : Resolved
23 March 2009
Dear Sir,
I am having a pvt ltd comapny which is closing on 31/03/2009 which has some assets in its Balance Sheet and I am starting a proprietory Concern from 01/04/2009 I want to know How should I transfer the assets in Proprietorn concern as I am not going to pay for that assets.
Thanks.
I am having a pvt ltd comapny which is closing on 31/03/2009 which has some assets in its Balance Sheet and I am starting a proprietory Concern from 01/04/2009 I want to know How should I transfer the assets in Proprietorn concern as I am not going to pay for that assets.
Thanks.
23 March 2009
Fixed Assest A/c Dr
To Capital A/c
at their market value.
To Capital A/c
at their market value.
23 March 2009
You will have to sale the assets from Private limited company to the proprietorship concern. PLC is a separate assessee from its shareholders, and can not transferred its assets in this manner.
23 March 2009
i support Mr. Tarun
Message likes :
1 times
24 March 2009
I think is not at practically possible.
If its possible, then the only way is as Mr.Tarun suggested.
If its possible, then the only way is as Mr.Tarun suggested.
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