20 October 2011
In case of salary income there is no need to prepare any P & L A/c and hence all the incomes like salary and interest would be credited to the Capital a/c and all other withdrawls, TDS, etc would be debited to the capital a/c.
20 October 2011
You can prepare for capital account for better future (In the sense if you go 4 business you can show capital introduced as white income)...for more detail contact Naresh 9664386708
CAclubindia
