Please guide me regarding book-keeping and accounting guidelines in the following scenerio:
ABC Pvt Ltd Company is a construction-based company, which has constructed an XYZ Hotel as one of its various investments on land purchased by ABC Pvt Ltd..
The hotel has its trade licence and bank a/cs in its own name XYZ Hotel.
How will the daily revenue and expense operations of the hotel be kept? How will its operations be incorporated in the books of ABC Pvt Ltd?
| Originally posted by : Ruchika Somani | ||
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contact at 9167549849 ruchika shah or mail at ruchasom @ gmail.com |  |
Kindly suggest the solution in this post itself.
| Originally posted by : Ruchika Somani | ||
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maintain separate accounts of hotel business and then merge its income in total income of ABC or else you can show its income and expense on abc books also | |
Thank you.
Kindly elborate on your 2nd suggestion.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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