Proprietorship firm expenses

This query is : Resolved

Querist : Anonymous

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.

Guest

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.