I am making accounts of a proprietorship concern and they want to show investment in capital in cash. Can I show that the proprietor has introduced funds in cash from his personal account?
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Increase in capital in proprietorship
Replies (5)
Yes. You can show, but make sure corresponding entries of cash brought in business are made in the personal books of the Proprietor.
Regards,
Devendra Kulkarni
Introduction of capital can be done in cash by proprietor/partner.
there is no provision to brought capital in cash only in case of proprietor / partner
| Originally posted by : CA JIGNESH | ||
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there is no provision to brought capital in cash only in case of proprietor / partner |
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Dear Sir,.
What would be the entry for the same?
hii sir,
i wnat format of CA certificate for capital introduation by proprietor for new project for loan margine money.
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