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
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
05 February 2011
partner a/c dr bank credit in case of withdrawl and vice versa in case of giving.
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
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
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.
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
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- Tax on Deemed Capital Gain
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
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
