Proprietor capital

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A proprietor transfers fund from one bank account which is his saving account to another bank a/c which is the current account of the proprietor firm as capital introduced.

Both bank accounts are shown in the balance sheet as the proprietor should disclose all the bank accounts he has

How will we show this in the proprietor capital account in tally

Replies (2)

ya it will be treated as capital plus as per new norms proprietor have to show all accounts in ITR

can you please tell me the entry in tally


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