entries
This query is : Resolved
22 November 2010
what should be entries drowing and entries capital
22 November 2010
propriters and for partnership firms is applicable these entries
Drawings/ Capital a/c dr
to cash/ bANK
Based on policy we can debit drawings or capital. my suggestion is debit to drawings only.
Cash/ Bank a.c dr
to Captial a.c
For capital introduction.
But as per income tax act necessary source are required for this amount
Drawings/ Capital a/c dr
to cash/ bANK
Based on policy we can debit drawings or capital. my suggestion is debit to drawings only.
Cash/ Bank a.c dr
to Captial a.c
For capital introduction.
But as per income tax act necessary source are required for this amount
22 November 2010
Capital Introduced ;
Debit Cash / Bank
Credit Capital
For DRAWINGS :
Debit Capital
Credit Cash/Bank
Debit Cash / Bank
Credit Capital
For DRAWINGS :
Debit Capital
Credit Cash/Bank
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Treatment of Pension ?annuity returns on PMVY
- NON- SUBMISSION OF LLP FORM 3
- TDS related Query_Liquidated Damages
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- What is provisional receipt number for generation of form 16A
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Free lancer income
- GSTR-4 Annual Return ! Pending Returns for F.Y. 20-21 to 22-23
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- Showing Gift from relative in ITR for this year
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
