Accounting for marriage gardens!
Atharv Sankliya (1354 Points)
02 December 2021
if a owner of marriage garden used it for her/his personal use how it is recorded ??
4 Replies
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 02 December 2021
What type of entity is the owner, a firm or proprietary. if yes then it needs to be accounted through capital account.
if it's other type of entity then accounting will be different
if it's other type of entity then accounting will be different
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 02 December 2021
Then route it through capital account.
Tanuj Chandra Saxenaa
(Company Secretary)
(7075 Points)
Replied 11 December 2021
In Case of Sole Proprietary Firm Accounting have to be done through Capital Account.
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