Dear All,
i just want to clear that, can one proprietor use two capital a/c separately ( example one for personal and one for firm) and add:- firm's profit in both capital a/c.
please clear this doubt
thank you.
Dear All,
i just want to clear that, can one proprietor use two capital a/c separately ( example one for personal and one for firm) and add:- firm's profit in both capital a/c.
please clear this doubt
thank you.
You can do the following:
1. Maintain one capital account in proprietary firm.
2. Maintain personal balance sheet separately for determining net worth.
3. Transfer the capital balance of proprietary firm under investments in personal balance sheet.
| Originally posted by : Deepak Gupta | ||
 |
You can do the following: 1. Maintain one capital account in proprietary firm. 2. Maintain personal balance sheet separately for determining net worth. 3. Transfer the capital balance of proprietary firm under investments in personal balance sheet. |
 |
Best option provided.
Thanks
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
CAclubindia
