a firm owner have saving and current account and he generally transfer in current ac from saving account
my question is he can transfer it Direct or it is a capital
and what treatment in accounting and rules for these types transaction in firm , proprietorship, company
please clarify as iam confused that it is like bringing capital but he is a propriotor so pan card same income is his own and what if this was a firm and transfer in current ac from saving account
He can fund his own business with his own income. No problem.
CAclubindia
