In Proprietorship Accounting How Does The Entry Made Of
Salary To XYZ When XYZ Become The Proprietor Of The
company?
Answer Posted / abbas
First, we have to know that whether a proprietor take a
salary ??? no if partner take a salary , he is a sleeper
partner. so whatever, it is the entry is
xyz A/C................DR
TO
CASH A/C
| Is This Answer Correct ? | 1 Yes | 2 No |
Post New Answer View All Answers
let me know the minimum Accounting Heads in an accounting system
What is the Assets & Liabilities?
what is tds rate of WCT applay for sale tax ragistard company.
what do Loan Loss Coverage Ratio mens describe it with examples?
whether financing to Bulk Milk Coolers comes under CMA under Agriculture or Non Farm Sector
Difference between nonoperating expentiture and non cash expenditure
Exapnd--------RAN
what is Accounting Standers?
what are the type of cash flows?
Mention some of the major contributions made by you in your present and previous jobs
What is Profir/Earning Before Tax and Profit after tax any one explaint this Clearly.
What do you mean by Green-shoe option?
my boss (Managing Partner of a firm) promoted along with his wife a private limited company. he and she spent some Rs. 75,000/- (approx) for the promotion of the company. i know that they usually fall under the head of preliminary expenses. but after receiving the certification of incorporation of the company how shall i repay them to the promoters i.e. what is the accounting entry in the books (initial books of accounts) for the expenditure incurred. they have kept in hand 5,00,000/- each to meet the expenses and they were allotted shares of equal to the amount. can i allot shares for a consideration of cash from and excluding the preliminary expenses. can i take cash towards the share application money (being the cash more than Rs. 20,000/-) as the company has not opened a bank account yet. please give me the detailed answer with journal entries that can be entered in tally. thank you.
what is the difference between f.f.s and c.f.s?
Expand-------ACNS