Introduction of capital
This query is : Resolved
26 June 2013
a promotor of a pvt . co. invested capital in his business and withdraw the money within a month,without any interst.how would we treat in tally package.
26 June 2013
Show the amount as unsecured loan taken from director.
At the time of receiving the amount.
Bank A/c Dr....
To Director Name Loan A/c
At the time of payment...
Director Name Loan A/c Dr...
To Bank A/c.....
At the time of receiving the amount.
Bank A/c Dr....
To Director Name Loan A/c
At the time of payment...
Director Name Loan A/c Dr...
To Bank A/c.....
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