a person new business strated dt:20-10-21
1 capital investment in firm rs:15 lacs dt:20-09-21
2.purchases of furniture and others value rs:3 lacs dt:04-10-21
3.bank account opening dt:17-10-21.rs:3000/-deposit cash
question:
assess accounting entry passed in books different dates or all transactions business strated is correct method.
There is an act in companies act which says about minimum capital required in which office furniture falls. Report them as per the dates and nothing will happen.
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