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(Querist)
22 November 2010 what should be entries drowing and entries capital
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sudhakar ca cwa

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sudhakar ca cwa (Expert)
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
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CA.Madhusudan B.P.

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CA.Madhusudan B.P. (Expert)
22 November 2010 Capital Introduced ;
Debit Cash / Bank
Credit Capital

For DRAWINGS :
Debit Capital
Credit Cash/Bank
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