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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Supply through E-commerce Operators
- TAN for Partnership
- Sales return eway bill
- Relief u/s Section 89
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- E way bill for tractors
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- Loan by Partnership Firm
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
