site

courses
Online Learning Search

GST

Bimal Jain

Popular Keywords

GST Registration

Taxation of Futures

GST E-Invoicing

Income Tax
Search bar.

Avail 20% discount on updated CA lectures for Dec 21 .Use Code RESULT20 !! Call : 088803-20003

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Shreya solanki (Student) 28 July 2021

Saving account journal entries

A proprietorship firm liable for tax audit having current account and also saving account for personal purpose, is it required to show saving account in balance sheet ? , and if it yes, then each transaction entries required to be pass ???

5 Replies

Ankita Jain (CA in practice) 28 July 2021

No, it is not required to show personal saving A/c in the balance sheet of the business.
If you still want to show, then you have to pass each transaction entry.

1 Like

Sourav (Student) 28 July 2021

Not required to show personal bank statement

1 Like

Ankit Neema 28 July 2021

If you are maintaining separate account for business and personal then no required, but maintaining single books then required

2 Like

Nidhi (Chief Accountant) 29 July 2021

Agree with Ankit ji

Rama chary Rachakonda (Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294) 30 July 2021

if savings account in the name of proprietorship business firm name, then it must be shown.

1 Like

Previous Thread

Recent Topics

Related Threads

Start a New Discussion

Popular Discussion

TallyWiz

CA Online Course

gst plus

Browse by Category

Subscribe to the latest topics :

Search Forum:

Forum Home

Popular Threads

Recent Posts

Unreplied Threads

Settings

Member Strength 34,96,668 and growing..

Get latest updates

Download CCI APP

CCI Android App

Our Network Sites

lawyersclubindia

GccFintax

© 2021 CAclubindia.com. India's largest network for Finance Professionals.