Personal accounts vs firms accounts

435 views 1 replies
Personal accounts vs firms accountsbyshikhaon06 May 2014respected sir / madame i am preparing the accounts of a hospital named kapoor hospital. problem here is this that the prop. of the hospital dr .dinesh kapoor make the payment of self assestment tax for hospital through his personal saving account. side by side i am preparing his personal accounts also. so i jst want to know what will be the accounting treatment in the capital account of dinesh kapoor (under kapoor hospital) and capital account of dinesh kapoor (under his personal accounts) please reply as soon as possible
Replies (1)
In hospital books, you may pass entry: Tax expense Dr. To Capital (being tax paid by proprietor) In personal books, there is no specific entry required, you can just show that in drawings in personal books as tax paid.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details