entry in tally

This query is : Resolved

dipul mehta(swadhin) (Querist)
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25 November 2009 residential flat purchase from buisness money in bal. sheet i show as asset or drawing ? (individual a/c finallisation in tally)

Aditya Maheshwari

Aditya Maheshwari (Expert)
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25 November 2009 If the proprietors balance sheet is different from individual balance sheet then it will be debited in the prop. a/c if not then it will be shown as other assets

hshivakumar

hshivakumar (Expert)
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25 November 2009 show it in business balance sheet only it may help for bank finance in the future and if you debit the same your capital may become negative also.

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chetan soni

chetan soni (Expert)
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25 November 2009 Show this in business balance sheet. If any loan is there then show this loan in the business balance sheet. This give add some weightage to the balance sheet.