Anon
watch_later 11/08/18
WHAT SHALL BE THE ACCOUNTING ENTRY FOR INCOME RECEIVED ON INVESTMENT MADE BY BUSINESS PROPRIETOR,,, WHETHER INCOME RECEIVED SHALL BE CREDITED IN CAPITAL ACCOUNT (BEING PROPRIETOR'S PERSONAL INCOME) OR IT SHALL BE CREDITED IN P& L ACCOUNT....
KINDLY NOTE ABOVE QUERY IS IN RELEVANT TO INCOME TAX PURPOSE...
THANKS..
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