How to pass the enry in tally ?

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 February 2011
Dear Sir,

Our partnership firm, managing partner giving the money to the firm and taking the money ? how to pass the entry for this situtation ?

P N Murali

Aditya Maheshwari

Aditya Maheshwari (Expert)
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05 February 2011 partner a/c dr bank credit in case of withdrawl and vice versa in case of giving.

B R Ramesh

B R Ramesh (Expert)
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05 February 2011

Hi

Bank A/c Dr xxxx

partners a/c Cr XXXX

taking money is

Partners a/c Dr XXXX

to Bank a/c Cr XXXX

Ritasha

Ritasha (Expert)
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05 February 2011 Agree with experts .When partners withdraw money it will be drawings,so partners capital a/c will be debited and in case of money given to firm it wll be additional capital introduced so partners capital a/c wll be credited.

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