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Accounting for marriage gardens!
if a owner of marriage garden used it for her/his personal use how it is recorded ??
Replies (4)
Quick Summary
What type of entity is the owner, a firm or proprietary. if yes then it needs to be accounted through capital account.
if it's other type of entity then accounting will be different
if it's other type of entity then accounting will be different
Proprietary
Then route it through capital account.
In Case of Sole Proprietary Firm Accounting have to be done through Capital Account.
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