this amendment is for all of them whether they are company or non company,trust,partnership firm.
there are no limit of cash
if they purchase capital goods there are not limit cash
if they pay as expenses then individual to one party there is maximum rs 20,000 & transporter 35000.
Are you worrying about preparation for accounts
interview.Dont worry I prepared 6 sets of question papers
with answer books to help you in getting a job and help the
employee to get promotion with good hike in remuneration
and position.I am sincerly waiting for the needy
Why Copyrights,patents,goodwill etc.etc. falls under real
account and not nominal or personal account?
I know anything which affect trading & Profit & Loss
accounts are nominal accounts.And the above do not affect
the Trading or P/L accounts but on the other hand they are
intangible and neither can they fall under real accounts as
Real accounts are those that are not personal and they are
Again in another way if we see, Patents, Copyright ,Goodwill
etc. etc. kindoff acts as a representative of a person or a
company like in the same way as a Bank or Company name,so
they can they not fall under Personal Account??