Proprietorship firm expenses
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 February 2011
Respected Sir,
I have a Confusion that, i am working for a proprietorship Firm , so all the expense in related to the firm pay by its proprietor from his personal bank a/c. so, please let me know that all the expenses and income can show in the name of the firm.
I have a Confusion that, i am working for a proprietorship Firm , so all the expense in related to the firm pay by its proprietor from his personal bank a/c. so, please let me know that all the expenses and income can show in the name of the firm.
Guest
Guest
(Expert)
20 February 2011
Yes, it can be done. It will be better to make the personal saving bank, the part of business, therefater there will be no problem.
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