Profit
Querist : Anonymous
I RECEIVED FROM MY COMPANY AS A PROFIT RS.100,000/- AND I HAVE MY OWN PERSONAL ACCOUNTING SYSTEM AND I HAVE TO RECORD THIS AMOUNT I MAKE ENTRY
BANK A/C DR
TO
PROFIT FROM FIRM
I WANT TO KNOW 'PROFIT FROM FIRM' UNDER WHICH A/C HEAD I HAVE TO CREATE. (IN THE SOFTWARE)AND I HAVE CAPITAL IN THIS CO RS200,000/-
THANK YOU
can you please tell me what do you know by MY COMPANY, i.e are you the owner of the company
and where you want to make the entry i.e in you own Books of Accounts or BOA of comapny..
Regards:
Piyush Goplani
Querist : Anonymous
YES I AM THE OWNER OF THE COMPANY AND I WANT TO BOOK MY OWN BOOKS OF ACCOUNT.
THANK YOU FOR YOUR REPLY
IS THIS A PRIVATE LIMITED COMPANY IN WHICH YOU HAVE INVESTED IN SHARE CAPITAL OF THE COMPANY? OR IT IS A PROPRIETORSHIP FIRM? PLEASE CLARIFY
IS THIS A PRIVATE LIMITED COMPANY IN WHICH YOU HAVE INVESTED IN SHARE CAPITAL OF THE COMPANY? OR IT IS A PROPRIETORSHIP FIRM? PLEASE CLARIFY
IS THIS A PRIVATE LIMITED COMPANY IN WHICH YOU HAVE INVESTED IN SHARE CAPITAL OF THE COMPANY? OR IT IS A PROPRIETORSHIP FIRM? PLEASE CLARIFY
Querist : Anonymous
IT IS A PROPRIETORSHIP FIRM
"XYZ ENTERPRISE" DR
TO "YOUR PERSONAL CAPITAL A/C"
XYZ ENTERPRISE WILL BE SHOWN UNDER LOANS & ADVANCE HEAD
Querist : Anonymous
CAN YOU TELL ME THIS 'YOUR PERSONAL CAPITAL A/C' UNDER WHICH HEAD I CAN CREATE.(UNDER EQUITY OR INCOME)
THANK YOU
You have to create that Personal Capital account under the head of ''CAPITAL''
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