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Querist : Anonymous

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Querist : Anonymous (Querist)
23 May 2017 Dear Experts,
A proprietor of proprietary firm has paid Electricity bill from his saving Account. so plz let me know the Accounting treatment of the same.

Thanks
Ankit Jain

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Expert : Anonymous

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Expert : Anonymous (Expert)
23 May 2017 Electricity A/c. Dr To Bank A/c

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 May 2017 Dear sir... we have not consider saving A/C in the books Hence the bank cannot be credit..... my view is can i pass the following entry.....i.e.
Electricity Exp. Dr....
To capital A/C.........

Is it correct....




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