Plz help

Rajesh Raman ( ) (292 Points)

23 March 2016  

 

  • My client (Mr.X) is doing a proprietorship business (Architectural concern). how to treat the following transaction/how to pass journal entry
  1. Mr. x’s residential flat rent paid through  proprietorship concern bank a/c (M/s A) – Rs 12500
  2. External HDD for office use -4700/- = is it treated as a revenue item or capital item
  3. Proprietor attend a party in a hotel, amount paid by his proprietorship concern – 30000/-
  4. Amount paid to Club annual membership – Rs.50000
  5. Surveying and mapping charges - 5500