Itr 1
This query is : Resolved
20 October 2011
dEAR eXPERTS,
i am a salaried employee (accountant in a pvt ltd firm) and and only have income on salary and bank F.D. interest I Want to prepare my I.T file.
but when prepairing my 'Capital A/c' i can't understand what entries to come under capital a/c and profit & loss a/c ?
if any format available, please provide me
i am a salaried employee (accountant in a pvt ltd firm) and and only have income on salary and bank F.D. interest I Want to prepare my I.T file.
but when prepairing my 'Capital A/c' i can't understand what entries to come under capital a/c and profit & loss a/c ?
if any format available, please provide me
20 October 2011
In case of salary income there is no need to prepare any P & L A/c and hence all the incomes like salary and interest would be credited to the Capital a/c and all other withdrawls, TDS, etc would be debited to the capital a/c.
20 October 2011
You can prepare for capital account for better future (In the sense if you go 4 business you can show capital introduced as white income)...for more detail contact Naresh 9664386708
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