Fixed deposit show in firm account but after matured f.d amount received in propritor saving account how to adjust this transaction as accounting point of view
Replies (2)
Guest
u can show it as proprietors drawing
Guest
Individual or sole proprietor are mostly same thing. ... The concept of One Person Company (OPC) allows a single person to run a company limited by shares while a Sole Proprietorship means an entity which is run and owned by one individual and where there is no distinction between the owner and the business.
CAclubindia
