I am making accounts of a proprietorship concern and they want to show investment in capital in cash. Can I show that the proprietor has introduced funds in cash from his personal account?
5 Replies
Devendra
(Chartered Accountant)
(4775 Points)
Replied 05 August 2013
Yes. You can show, but make sure corresponding entries of cash brought in business are made in the personal books of the Proprietor.
Regards,
Devendra Kulkarni
shivaji prasad bhimavarapu
(CHARTERED ACCOUNTANT)
(2391 Points)
Replied 06 August 2013
Introduction of capital can be done in cash by proprietor/partner.
CA JIGNESH
(C.A.)
(83 Points)
Replied 31 August 2013
there is no provision to brought capital in cash only in case of proprietor / partner
Siddharth
(Accountant)
(342 Points)
Replied 29 November 2013
| Originally posted by : CA JIGNESH | ||
 |
there is no provision to brought capital in cash only in case of proprietor / partner |
 |
Dear Sir,.
What would be the entry for the same?
swapnil
(student)
(29 Points)
Replied 30 December 2017
hii sir,
i wnat format of CA certificate for capital introduation by proprietor for new project for loan margine money.
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