17 December 2022
If x amount is withdrawn from the current account to the savings account (both accounts are of the same proprietor) and the same amount is redeposited back to the current account. Will it be considered a reverse entry or a fresh capital added? Little confused about how it can be considered?
17 December 2022
First capital withdrawal..... So, second capital addition... If both the entries are done on same day, it may be said as entry reversed due to some mistake.
CAclubindia
