- My client (Mr.X) is doing a proprietorship business (Architectural concern). how to treat the following transaction/how to pass journal entry
- Mr. x’s residential flat rent paid through proprietorship concern bank a/c (M/s A) – Rs 12500
- External HDD for office use -4700/- = is it treated as a revenue item or capital item
- Proprietor attend a party in a hotel, amount paid by his proprietorship concern – 30000/-
- Amount paid to Club annual membership – Rs.50000
- Surveying and mapping charges - 5500
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