Hello,
I am working in a propritory firm.
Our owner has invested some amount in share market.
Can he make the payment from company account?
How to enter this in tally? is this drawing?
Thanks
Meghana
Hello,
I am working in a propritory firm.
Our owner has invested some amount in share market.
Can he make the payment from company account?
How to enter this in tally? is this drawing?
Thanks
Meghana
if it is treated as drawings,
Proprietors capital A/c Dr
to cash /Bank
IF it is treated as Investment
Investment Dr
To bank/Cash
i think as it is proprietory concern .there would not be any problem in passing any of the entry
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