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Proprietorship firm expenses

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Querist : Anonymous

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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.

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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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