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
- Reopen of assessment proceeding
- Is any professional CA is here please reply
- EPF FULL & FINAL RULES IN 2026
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Experts need help
- Putting a heading on received mail
- Rental income gst and it purpose
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
