Entry in tally

This query is : Resolved

mohsin balwa (Querist)
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24 April 2015 dear expert,

For Example :- there are two company 1.ABC Pvt Ltd. 2. Xyz Pvt Ltd and one individual account that is ashish account

1)Ashish Invested 5 lakh In Xyz Company as a capital But He Given Cheque In The Name Of ABC Ltd. which entry i have to pass in all three book

can please anyone give me advice how can i pass this entry .

thanks in advance

Sandeep Dharar

Sandeep Dharar (Expert)
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24 April 2015 U can't enter a wrong transaction.

If Ashish has invested money in XYZ Ltd as capital then the name in the cheque must b of XYZ Ltd.

If there is any subsidy company then plz elaborate.

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