Paytm regarding

04 September 2022

father shop paytm sale credit in son saving account and son is also running other business so what is d tratment in son balance sheet

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4 Replies

Sandeep Sharma (Accounts executive) (552 Points)
Replied 04 September 2022

Cash receipts to be recorded in books of father's shop.

ABHI KUMAR (710 Points)
Replied 04 September 2022

Kuch samaj ni aaya father ki shop ki sale son k saving m aayi h sir

Sandeep Sharma (Accounts executive) (552 Points)
Replied 04 September 2022

Don't record those receipts in son balance sheet. Remember every business has seperate entity.

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 05 September 2022

Sale father ke account me likhne ka aur is son is amount ko father ke against due bata dega.

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