sir, if a person introduce capital in his business rs 200000 in his first year of business..and purchase of trading stock of rs 800000..is it possible??
(obviously his opening stock is nil bcoz it is his first year of business)
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Relationship between starting capital and stock purchase account in the first year of any business
Replies (3)
Is it sole proprietor
or
partnership...
or
partnership...
Sole proprietor, not partnership
Trading stock is little on the higher side ..
6 laks will be sufficient....
but u hv to main a cash bal on the higher side and bank balance .
receivable during g the first year of operation is mandatory.
6 laks will be sufficient....
but u hv to main a cash bal on the higher side and bank balance .
receivable during g the first year of operation is mandatory.
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