priyatambika ( ca final student) (323 Points)
29 August 2018
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 29 August 2018
On 1st april or 1st day of business as per registrar under pre incorporation expenses head
priyatambika
( ca final student)
(323 Points)
Replied 29 August 2018
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 29 August 2018
| Originally posted by : priyatambika | ||
 |
and what about the bank loan taken or fixed assets purchased?? |  |
priyatambika
( ca final student)
(323 Points)
Replied 29 August 2018
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 29 August 2018
The day on which buiness started as per registration with registrar.
When did business start?
Date?
priyatambika
( ca final student)
(323 Points)
Replied 29 August 2018
mam..it is a private dental clinic..not a co.. date of opening of clinic 29.11.2017... loan taken and fixed asset purchased before this date... now i need to know in tally how do i show these transactions as ?
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 29 August 2018
Since you have started up a business all entries will be on 29.11.2017 specifying in narration exact date of purchase of assets and loan taken
Because your Financial year will be from 29.11.2017 to 31.03.2018
priyatambika
( ca final student)
(323 Points)
Replied 29 August 2018
will i show these assets and liabilities as opening balance???
satish
(teaching)
(2046 Points)
Replied 06 September 2018
CAclubindia
