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Bank tally - proprietorship firm

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 February 2015 In proprietorship firm, I have already done CUrrent a/c Bank tally. But I want to done bank tally of proprietor saving a/c.
How to do it.If proprietor gives to payment him frnd.
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CA Devanand Jethanandani

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CA Devanand Jethanandani (Expert)
17 February 2015 What is understand is you are to pass entry for payment made by the proprietor to his friend, if it is so then entry will be as under,

Party a/c. (friend's name) (under unsecured loan) Dr.
To bank.
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