Accounting

This query is : Resolved 

02 July 2014 I am an article pursuing training in Audit. I have one friend whose accounting has to be done. how should I start with. Should I include assets through his capital account. Assets are not purchased this year. books of accounts will be maintained for the first time.

06 July 2014 Take assets by debiting to asset account and credited to his capital account
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bank and cash will goes ,..
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