Easy Office
LCI Learning

Ho to show transaction in books of accounts


07 April 2016 One of my clients is proprietorship firms they have done most of his transaction from his saving bank account whenever he receive funds from his client and transfer it to saving account and done the business transaction. Now problem how can i show the transaction in books of account??

07 April 2016 If this is regular practice then you can add Proprietor saving bank account in your book of accounts and show all business transactions from there.

07 April 2016 Is it as per law to add proprietor saving bank account in book of account because tax audit is applicable in firm??




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query