HELLO FRIENDS, CAN ANYBODY TELL ME WHETHER SAVINGS A/C OF THE PROPRIETOR AND OTHER PERSONAL ASSETS SUCH AS JEWLLERY, FDR CAN SHOW IN THE BOOKS OF THE FIRM.
IF YES WHAT SHOULD BE THE ENTRY.
ASSET A/C- DR
TO CAPITAL A/C
IS IT COMPULSORY TO SHOW PRIVATE ASSETS IN THE BUSINESS.
IF I DONT SHOW YHE SAVINGS A/C IN THE BUSINEES. WHAT ARE ITS CONSEQUENCES.
PLS. EXPLAIN ME CLEARLY.
THANKS.
CAclubindia
