A/cs under sole propritership firm
This query is : Resolved
17 October 2013
Whats the a/cs are prepaired under sole propritership firm is as below or more
1 trading,profit&loss a/c ,
2 balancesheet
3 propriters capital a/c
and one more ques.
can propriter paid firm exp. from his persnl credit card ???
1 trading,profit&loss a/c ,
2 balancesheet
3 propriters capital a/c
and one more ques.
can propriter paid firm exp. from his persnl credit card ???
17 October 2013
profit & loss accounts & balance sheet
17 October 2013
p&l account and balancesheet is sufficient
.
.
recommended format was provided by icai in guidence note on tax audit,,
.
.
Yes if proprietor paid for business expences from credit card he can account in his books provided he should have original bills..
.
.
recommended format was provided by icai in guidence note on tax audit,,
.
.
Yes if proprietor paid for business expences from credit card he can account in his books provided he should have original bills..
17 October 2013
but he also use his credit card for prsnl use
then how can we difrenciate in his credit card statement???
then how can we difrenciate in his credit card statement???
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