Inter co transactions

This query is : Resolved 

04 February 2016 if an individual i.e if he is a proprietor of 3 enterprises then whether transactions between all the three can be shown as loans and advances given or taken if no sale purchase transaction is their??? books are maintained in tally software

05 February 2016 Yes the transactions can be shown as loans and advances in the books.

05 February 2016 It should be shown as investment, because a proprietor invests in his firm, he does not lend the firm


05 February 2016 if it is shown under capital account whether it is correct??



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries