banner_ad

Regarding capital introduction in new business

469 views 4 replies
Respected Experts , If A person started new business of trading and I want to know that what is the rule of capital introducing in business. He invested 10 Lacs in his business. I mean is there any rule of introducing capital in business in cash or can we only pass journal entry cash a/c to capital a/c and create capital of proprietor.
Replies (4)

"I mean is there any rule of introducing capital in business in cash or can we only pass journal entry cash a/c to capital a/c and create capital of proprietor.........."

What would be source of the cash?........ How to answer when query raised.......

Best way is to transfer balance from  saving account of proprietor to the firm's current account. Even loans from known sources can be taken by banking modes......

Thanks Sir for your guidence. Can we deposit some amount as Cash in current account and Stand as capital

Yes, should be justifiable......

Thank you very Much Sir

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details