Capital

RAJ KUMAR (FINANCE MANAGER) (1393 Points)

14 April 2012  

HELLO FRIENDS, CAN ANY BODY TELL ME MY CLIENT HAS SATRTED THE NEW BUSINESS AND HE HAS PROVIDED CASH BY HIS FATHER RS 5 LAKH. FATHER IS A GOVT. EMPLOYEE AND HE INTRODUCE THAT CASH IN BUSINESS BY PASSING THE ENTRY

CASH A/C -DR

TO CAPITAL 

NOW PLS. TELL ME I HAVE TO AUDIT WHAT IS TO BE DONE NOW?

IS THIS OK OR I HAVE TO TAKE AN AFFIDAVIT FROM THE FATHER THAT HE HAS GIFTED RS 5 LAKH IN CASH TO HIS SON.

PLS. HELP ME.

I AM IN GREAT NEED.

PLS. TELL ME WHAT TO DO.

THANKS.