where we posted capital ac in sole trader balance sheet and
why?
Answer Posted / a.madhu sudhan rao
Capital Account is posted in Liabilities of Balance Sheet
We Treat Sole Trader and Business Different
When we are doing accounts we have to do accounts in
Business Point of view not for SOle Trader
When we are receiving amount from SOle Trader we treat it
as Liability.
In Business Point of View We are taking Loan from Sole
Trader.
Is This Answer Correct ? | 8 Yes | 2 No |
Post New Answer View All Answers
DESCIBE EXPORT PROCEDURE
Guest expenses Rs 5500/-on behalf of partner Aravind was written as Hospitality. Rectify it
While selling fertilisers can we charge VAT on excise duty.
what is purchase consideration? How does it come about and how is it treated in the books?
write about an e-mail to manager seeking permission for leave
How to caluculate the value of Corporate Profit, the value of personal savings and the value of indirect tax?
What do you mean by Revenue? does it include the Service Tax,VAT etc., by any chance ?
What is the important of cash in a business unit
SOUTH ATLANTIC OIL AND GAS INC.is a fraud company
what happens to each of the three primary financial statements when gross margin decreases?
Q13. Journalise the following transactions: Proprietor withdrew for private use Rs.4000/- from bank and 6000/- cash. Goods Costing Rs.5000 was burnt by fire. Purchase Machinery for cash Rs.150000/- and paid Rs.2000/- on its Installation. Charge 5% Depreciation on building costing Rs.200000/- and 8% Depreciation on Furniture costing Rs.5000/-. Prepaid Salary Rs2000/- Kapil who owed us Rs20000/- become insolvent and nothing is received from his estate.
Dear All, Please reply ASAP. I have an account with SBI and ICICI bank. I have mention the Authorised bank address of SBI in our Shipping bill and GR. But we have received the Payments in ICICI Bank. Please inform who are able to realise the Bank Realisation Certificate (BRC)ICICI or SBI. Can SBI are quolify for refuse for BRC Application. Please reply of this query on jani_janikalpesh@yahoo.com regards Kalpesh Jani 9978912950
After Posting the Document in SAP FICO Using the sort key then where we can see the sort key in SAP
is advance against FD or RD is treated as NPA .if EMI is not in scheduled . or classification of npa as per day is is made from sanction date or last payment date of repayment . please suggest me
Erection and Instalation charges of Rs 7500 to Lift was debited to repairs and maintenance account. Rectify it