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Closure of bank account

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chandan (Querist)
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30 November 2016 suppose Owner of the company paid RS. 13 lac in cash from his pocket against the credit balance of the bank account and close the account.what entry will be passed for rs. 13 lac

CA. Vinodh Kothari

CA. Vinodh Kothari (Expert)
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01 December 2016 First entry Cash Account Dr To Capital Account next entry Bank Account Dr To Cash VK

Sandeep Dharar

Sandeep Dharar (Expert)
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01 December 2016 U must adjust that amount with capital of the owner, if it is a proprietorship concern.

chandan (Querist)
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01 December 2016 Thank you CA Vinodh Kothari sir and sandeep dharar sir.

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